West 38th Street Plaza (Plaza 38)

Short Description:
The Cooper Commercial Investment Group of Cleveland is pleased to announce the sale of the West 38th Street Plaza (Plaza 38) located at 2301 West 38th Street, Erie, Pennsylvania. The all-cash deal was sold for $1,000,000. Bob Havasi and Dan Cooper had the privilege to represent the owners, DDR Erie LLC of Beachwood, Ohio, while the Buyers are a private group out of Erie, Pennsylvania.

Details
The 96,000 square foot property offers upside potential with the leasing of the remaining vacant, big-box spaces (78,000 S.F. Total) and vacant outparcel (4.04 acres) for future development. The plaza also includes a mix of high traffic tenants such as Subway and Snap Fitness, which makes it a destination point for the surrounding community. The featured property is situated in the heart of Erie, Pennsylvania and is within three miles of Millcreek Mall which is home to more than 175 shops and restaurants. West 38th Street intersects with the ever-so-popular Peach Street, which is the main shopping hub of the area. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire such assets, and encourages you to contact them for an evaluation of your commercial property. Visit them on line at www.CooperGrp.com for the most up-to-date listings and information.