FOR SALE OR LEASE 1500 HAMILTON AVENUE CLEVELAND, OH 44114 PROPERTY HIGHLIGHTS + 4,800 SF Rare Freestanding Office Building offering single occupant opportunity with no shared common areas with 24/7/365 access + Downtown Building located in Campus District in close proximity to Cleveland Central Business District. Excellent access to E 9th Street, Shoreway, & Innerbelt + Off street parking (+/-10 spaces) + Open/functional work space with kitchenette, conference room and perimeter offices. Existing furniture can be available + Minimal deferred maintenance including new HVAC (2018) + Lease: $7.75 psf/$3,100 monthly/$37,200 annually NNN 360 VIRTUAL TAKE A VIRTUAL TOUR TOUR + Sale: $465,000 CONTACT US GEORGE STEVENS, SIOR, CCIM CBRE, INC. First Vice President 950 Main Avenue +1 216 363 6438 Suite 200 [email protected] Cleveland, OH 44113 www.cbre.us/cleveland FOR SALE OR LEASE 1500 HAMILTON AVENUE CLEVELAND, OH 44114 93,401 E 26 TH Burke Lakefront Airport ST N 52,260 DOWNTOWN CLEVELAND LAKESIDE AVE 2 1500 HAMILTON ST CLAIR AVE RETAIL & RESTAURANT OVERVIEW Voinovich AVENUE Bicentennial Park Lake Erie HAMILTON AVE E 30 TH E 18 ST 101,563 TH 1 ST WORKFORCE & INNOVATION ROCKWELL AVE 13,238 • +105,000 jobs in Downtown Cleveland E 25 • +31.8 MSF total office space NORTH COAST TH • Fortune 500 HQ’s: Sherwin Williams & THEATER DISTRICT SUPERIOR AVE ST HARBOR E 23 KeyBank 6 RD • Largest “Job Hub” in Ohio Proposed Lakefront Development ROCKWELL AVE ST LAKESIDE AVE To Asiatown • #4 in Midwest attracting biomedical investment dollars2 ST CLAIR AVE North th 3 23,482 Point E 21 • 8 fastest growing market for tech talent Proposed Tower Pedestrian ST 1 Bridge ST LIVING PAYNE AVE 90 • 17,500 Residents live in downtown FLATS EAST BANK E 9 Tower at • Largest downtown population in Ohio First Energy TH Erieview Port of Cleveland ST Stadium City Hall • 92% occupancy rate Cleveland Galleria at Erieview • Monthly rent for a one bedroom apartment: $818-$1,934 36,842 AECOM E 12 CAMPUS WAREHOUSE DISTRICT Bldg SUPERIOR AVE To Midtown & TH DISTRICT University Circle Cleveland One ST 120,063 1 Public Cleveland HOSPITALITY MARKET Auditorium Center 16,620 County CHESTER AVE Courthouse Huntington 322 • 19 Hotels totalling 4,853 rooms Convention Center of Cleveland Oswald • Average daily room rate - $150.23 Centre • Two AAA Four Diamond Hotels LAKESIDE AVE State 1100 Theater E 6 Superior Global 800 Ohio To Midtown & 3 TH Theater DINING Center for W CLAIR AVE Superior University Circle Health ST Cleveland Connor Innovation Playhouse 20 • Over 250 restaurants and clubs Palace EUCLID AVE Fifth E 18 • Known for award winning cuisine and nationally Third NINETWELVE Opening Soon E&Y W 3 Key Center Tower DISTRICT PLAYHOUSE TH acclaimed chef’s Tower ST RD Cleveland ST PNC SQUARE Public 3 W 6 Library Center US Bank SPORTS & ENTERTAINMENT The PROSPECT AVE TH Centre Hanna Arcade E 14 ST SUPERIOR AVE Theater E 22 • Three pro sports teams: Cleveland Browns, 200 Public EUCLID AVE W 9 Square TH Public ST ND Cleveland Indians, Cleveland Cavaliers TH 8,245 Square ST W 10 ST Weston- Colonial • Jack Casino: 13M annual visitors E 4 Marketplace PROSPECT AVE Wolstein 116,250 TH Citymark Center • Rocket Morgtage Fieldhouse: 2M visitors and TH CARNEGIE AVE ST Superblock 10,839 ST 14,904 over 200 events per year ONTARIO ST PROSPECT AVE MAJOR ATTRACTIONS3 Terminal nuCLEus GATEWAY BOLIVAR RD Cuyahoga River Tower Tower City Development DISTRICT • Playhouse Square: Second largest theater Center 19,296 district in the U.S. • Rock n’ Roll Hall of Fame W HURON RD HURON RD E 9 TH • Cleveland Aquarium Federal ST 120,140 DETROIT MEMORIAL SHOREWAY Couirthouse Rocket • Great Lakes Science Center Mortgage • Huntington Convention Center: $90-$100 E 4TH ST 28,042 FieldHouse PUBLIC SQUARE million of economic impact Progressive CARTER RD Field GATEWAY COMMUNITY COLLEGE AVE Sources: CENTER ST 1. Downtown Cleveland Alliance 40,342 ONTARIO ST 2. BioEnterprise 3. CBRE ST ND 16,764 E 22 © 2020 CBRE, Inc. All rights reserved. This infor- 2 COLUMBUS RD 90 mation has been obtained from sources believed reliable, but has not been verified for accuracy DETROIT AVE or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is WOODLAND AVE To Lakewood solely at your own risk. CBRE and the CBRE logo are SCRANTON RD 69,808 To Ohio City service marks of CBRE, Inc. All other marks displayed GordonHingetown Square on this document are the property of their respective Battery Park ORANGE AVE owners, and the use of such logos does not imply any CARNEGIE AVE 77 119,244 affiliation with or endorsement of CBRE Thunderbird To Tremont Cuyahoga River Licensed Real Estate Broker To Ohio City Last Updated: January 23, 2020 Traffic Counts: Ohio Department of Transportation (ODOT) 2018 - 2019 FOR SALE OR LEASE 1500 HAMILTON AVENUE CLEVELAND, OH 44114 DOWNTOWN E&Y TOWER KEY TOWER NORTH POINT PNC CENTER 1500 HAMILTON AVE 1,425,000 RBA 550,000 RBA TOWERS I, II 789,491 RBA 4,800 RBA CLEVELAND 874,478 RBA OFFICE OVERVIEW FEDERAL BLDG ONE CLEVELAND 1111 SUPERIOR AVE CENTER 1,154,176 RBA 597,442 RBA CLASS A OFFICE 500,000 RBA+1 595,200 RBA 1. Key Tower - 1,425,000 RBA E 9TH ST 2. 200 Public Square - 1,270,204 RBA FEDERAL 800 SUPERIOR AVE 3. North Point Towers I, II - 874,478 RBA 1.5M ANNUAL VISITORS RESERVE 475,600 RBA 4. Carl B. Stokes U.S. Courthouse - 8 HOME GAMES 424,440 RBA OSWALD 800,000 RBA 200 PUBLIC CENTRE CARL B. STOKES THE HALLE 5. PNC Center - 789,491 RBA 2 249 EVENTS SQUARE 576,086 RBA BLDG U.S. COURTHOUSE 192K ANNUAL ATTENDEES 6. The Tower at Erieview - 760,339 RBA 1,270,204 RBA 472,472 RBA 800,000 RBA W 3 7. nuCLEus (Proposed) - 600,000 RBA RD 8. 1111 Superior Ave - 597,442 RBA ST 9. One Cleveland Center - 595,200 RBA WAREHOUSE DISTRICTW 6 THE GATEWAY DISTRICT CENTENNIAL 10. Oswald Centre - 576,086 RBA TH THE FLATS 55 PUBLIC 1,310,000 RBA 11. AECOM Centre - 575,000 RBA ST SQUARE EAST BANK W 9 12. Ernest & Young Tower - 550,000 RBA W ST CLAIR ST 452,419 RBA TOWER AT AECOM ERIEVIEW CENTRE 13. Fifth Third Center - 508,397 RBA TH 760,339 RBA 575,000 RBA OHIO BELL ST BLDG. CLASS B OFFICE 400,000 RBA+1 SUPERIOR AVE PROSPECT AVE E 14 PROSPECT AVE 434,973 RBA TH 1. The Centennial - 1,310,000 STRBA FIFTH THIRD 2. Federal Building - 1,154,176 RBA CENTER W HURON RD 3. Landmark Office Towers - 900,000 RBA 508,397 RBA E 9 2M ANNUAL 4. Higbee Building - 815,000 RBA VISITORS TH ST TERMINAL 200 EVENTS 5. May Co. - 741,505 RBA TOWER PER YEAR 6. Terminal Tower - 585,000 RBA 615 W POST OFFICE 585,000 RBA SUPERIOR AVE PLAZA ONTARIO ST 7. 800 Superior Ave - 475,600 RBA 456,610 RBA 455,000 RBA MAY CO. HIGBEE BUILDING BUILDING 8. The Halle Building - 472,472 RBA 1.6M ANNUAL VISITORS 9. 615 W Superior Ave - 456,610 RBA 815,000 RBA 741,505 RBA 80+ HOME GAMES 10. Post Office Plaza - 455,000 RBA LANDMARK OFFICE 11. 55 Public Square - 452,419 RBA TOWERS 12. Ohio Bell Building - 434,973 RBA 900,000 RBA 13. Federal Reserve Bank - 424,440 RBA TOP EMPLOYERS IN DT CLEVELAND2 1. *KeyCorp - 4,740 Employees 90 2. *Sherwin-Williams Co. - 4,427 Employees 3. *Medical Mutual of Ohio - 1,919 Employees 4. *JACK Entertainment - 1,749 Employees 5. *Cleveland State University - 1,496 Employees 6. Ernst & Young LLP - 1,490 Employees 7. Ohio Savings Bank - 853 Employees 8. Huntington National Bank - 708 Employees 9. JPMorgan Chase & Co. - 670 Employees 10. *Jones Day Law Firm - 616 Employees *Headquartered in Cleveland Sources: 1. CoStar 2. Greater Cleveland Partnership © 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Licensed Real Estate Broker. FOR SALE OR LEASE 1500 HAMILTON AVENUE CLEVELAND, OH 44114 DEMOGRAPHICS: 5 MILE RADIUS 225,339 300,473 $43,812 10,147 126,753 POPULATION EMPLOYEES AVERAGE HH BUISINESSES HOUSING UNITS INCOME CONTACT US GEORGE STEVENS, SIOR, CCIM CBRE, INC. First Vice President 950 Main Avenue +1 216 363 6438 Suite 200 [email protected] Cleveland, OH 44113 © 2020 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries.