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Offering Summary

  • Address: 4027 Rocky River Dr
  • City, State, Zip: Cleveland, OH 44135
  • Units: 28
  • Year Built / Renovated: 1943 / 2023-2025
  • Average Unit Size: +/- 654 sf
  • Average In-Place Rent (/SF) $983 ($1.50/sf)
  • Occupancy: 100%

Investment Highlights

• Owned, managed and repositioned by local company

• 100% of units and common areas renovated between 2023-2025

• All windows and roofs were replaced approximately 12 years ago; newer driveway and parking lot in 2024

• In-place rents $100 - $250 below market

• ½ mile from Cleveland Clinic Fairview Hospital (2,600+ employees)
• Located in the heart of West Park just minutes from Kamm’s Corners and dozens of restaurants and shopping options

• Great visibility on highly traveled Rocky River Drive (16,000+ vehicles per day)

• 7 minutes from Cleveland Hopkins International Airport

• 12 minutes from future Huntington Bank Field, Cleveland Browns’ $3.6 billion stadium and entertainment district

Team

Michael Barron

Executive Managing Director
Marcus & Millichap

Daniel Burkons

Executive Managing Director
Marcus & Millichap

Joshua Wintermute

Executive Director
Marcus & Millichap

Charles Gagliano

Senior Managing Director
Marcus & Millichap

William Koontz

Senior Director
Marcus & Millichap

Luke Hadley

Associate Investments
Marcus & Millichap

Mitchell Coon

Associate Investments
Marcus & Millichap