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Offering Summary

The Greenbriar

  • Address: 17100 Van Aken Blvd
  • City, State, Zip: Shaker Heights, OH, 44120
  • Units: 65
  • Year Built: 1963
  • Average Unit Size: +/- 1,382
  • Average In-Place Rent: $1,328
  • Leased Occupancy: 96.9%
  • Average In-Place Rent/SF: $0.96/SF

Investment Highlights

Owned by the same local, private partnership since originally built in 1962

$545,000+ of capital improvements since 2022

Extensive amenity package includes swimming pool, fitness center and heated garage parking and provides a distinct advantage over competing properties

$72,000+ of organic revenue growth by increasing below rents to market levels

$120,000 of additional revenue upside through continued unit renovations
Located in one of Northeast Ohio’s most desirable inner-ring suburbs

$109,000+ average household income within 1 mile

Less than 1.5 miles from Van Aken District, one of the region’s premier lifestyle centers

Directly adjacent to Shaker Town Center: Heinen’s Grocery Store, CVS, Huntington Bank, UPS, Verizon among many other retailers and restaurants

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