31099 Chagrin Boulevard — Sale in Pepper Pike, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Pepper Pike, OH 44124
  • Submarket: Chagrin, East & Lander
  • Size: 52,152 SF

Photos

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Description

Built in 2007, this 52,000 SF Class A office building features high-end finishes and striking glass architecture, located in Cleveland’s premier eastern suburban market with unmatched access to highways, retail, and dining. The property is 100% occupied by a strong tenant roster, including Morgan Stanley and Majestic Steel’s regional headquarters, offering immediate cash flow and long-term investment stability. Leases are structured on a Triple Net (NNN) basis, ensuring predictable returns, while the area’s strong office demand and limited Class A competition support consistent tenant retention. This professionally managed, low-maintenance asset is a true turnkey investment opportunity.

Market Context

This office in Pepper Pike, OH is listed for sale across 52,152 SF. Compare it against other office listings for sale in Pepper Pike, OH — view the full market.

As of Q2 2026, the Cleveland office market showed a 13.7% vacancy rate, average asking rents near $19.48/SF/yr, and rents up 18.2% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Cleveland office market tightening or softening?
Vacancy is around 13.7%, with asking rents rising year over year (Q2 2026).

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