CareVet of Chagrin Falls — Sale in Chagrin Falls, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Chagrin Falls, OH 44022

Photos

CareVet of Chagrin Falls — Sale in Chagrin Falls, OH, photo 1 of 3
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CareVet of Chagrin Falls — Sale in Chagrin Falls, OH, photo 3 of 3

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is Pleased to Exclusively Present CareVet of Chagrin Falls, Located in Chagrin Falls, Ohio. The 2,244-Square-Foot Hospital is 100% Leased to CareVet who has 5.4 Years Remaining on its First Renewal Option and Three Additional Five-Year Options. The Corporate-Guaranteed, Double-Net (NN) Lease Requires Minimal Landlord Obligation and Delivers Two Percent (2%) Annual Rental Increases Through the Term and All Options. Founded in 2018, CareVet Operates Over 170 Veterinary Locations and is Backed by Private Equity Firm Compass Group Equity Partners, With 50+ Lower Middle-Market Transactions Exceeding $1 Billion. Fronting Washington Street (11,000 ADT), the Property Serves More Than 45,000 Residents Within 5 Miles, Where Median Home Values Exceed $448,000. Investment Highlights: • Corporate-Guaranteed CareVet Lease Provides Stable Long-Term Income • Annual Two Percent Rent Increases Support Consistent Cash Flow Growth • Located in Cleveland's Most Affluent Suburb, Chagrin Falls.

Market Context

This office in Chagrin Falls, OH is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Chagrin Falls, 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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  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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