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Classic Auction - Office

Vacant CBD Office Tower located in an Opportunity Zone

45 Erieview Plaza, Cleveland, OH 44114

Call for Information
  • Asset Type
  • Real Estate
  • Property Type
  • Office
  • Land Area
  • 1.58 Acres
  • Year Built
  • 1983
  • Number of Floors
  • 17
  • Number of Buildings
  • 2
  • Parking Count
  • 380
  • Occupancy
  • 0%
  • Occupancy as of
  • May 01, 2020
  • Office Type
  • CBD Office
  • Property Size
  • 492,864 Sq Ft

45 Erieview Plaza | 1180 Lakeside Avenue Garage – Cleveland, OH

Investment Highlights

  • Strategic location within a designated Opportunity Zone provides preferential tax treatment
  • As the largest of only five contiguous big block vacancies >100,000 RSF within downtown Cleveland, the Property is uniquely suited to accommodate the evolving space needs of major corporate users
  • Unencumbered blank canvas allows for immediate implementation of modern, health-conscious workplace design
  • Poised to capture continued significant suburban to urban migration trends within downtown Cleveland equating to over 830,000 RSF since 2015

 

The Offering

Jones Lang LaSalle (JLL) and RealINSIGHT Marketplace are proud to present the opportunity to acquire the fee simple interest in 45 Erieview Plaza, a 492,864 RSF office building and adjacent 348-stall public parking garage located at 1180 Lakeside Avenue (collectively the “Property” or the “Offering”).  Located within a designated Opportunity Zone, 45 Erieview Plaza provides an investor a unique competitive advantage and the ability to immediately implement modern health-conscious workplace design on behalf of tenants seeking to entirely rethink their space needs.

Centrally located within the Nine Twelve District of downtown Cleveland, the 17-story office building was originally constructed as a Fortune 100 build-to-suit in 1983, and contains an additional 32 underground executive parking stalls.  As the largest block of contiguous office space in downtown Cleveland, and the largest block of contiguous unoccupied space within a 750 mile radius, the Property is now vacant and is well positioned to capture continued demand from tenants migrating from the suburbs into the urban core.

Property tours are available by request and are being scheduled.  Please contact the JLL team to schedule a tour.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Call for Information

Platform Fee

Platform fee for this transaction is 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Thomas Seaman

    Keller Williams Greater Cleveland

    License: 2007000016 Broker #: 2004000635