Millennium Place East & West

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of Millennium Place East & West, an office/medical portfolio located in North Olmsted, a suburb just 10 minutes west of Cleveland, Ohio. The two-building asset comprised of nearly 140,000 S.F of rentable space is approximately 68% occupied and anchored by well-known, international corporate heavyweight Moen (NYSE: FBHS/S&P “BBB). The Millennium Place complex features many recession and internet medical and service-oriented tenants.

Details
Dan Cooper of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller on the transaction, a private investment group out of Ohio. The private investment buyer, whom the Cooper Group has worked with on multiple transactions, offered on the property prior to the property officially coming to market. The asset sold for $10,755,000, representing over 91% of the list price, $77/S.F. and approximately a 9.4% CAP Rate. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit them on line at www.CooperGrp.com for the most up-to-date listings and information, stay connected by, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.