Mill Valley Plaza

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the Mill Valley Plaza located off State Route 31 in Marysville, Ohio. Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio represented the owner, a private investment group out of Central Ohio, while directly finding the Buyer, a private investor out of New Jersey. The sale of the property was for $2,700,000, representing a 9.26% CAP Rate and 92% of the original list price.

Details
The multi-tenanted retail plaza is an 18,353 square foot retail center, of which many of the tenants had recently signed early lease renewals, expansions, and/or new lease executions, giving greater long-term stability. Several of the tenants have been at the plaza since it first opened in 2007 and have established a strong customer base, proving their loyalty to the surrounding community. All tenants have Triple Net (NNN) Leases, and most are also personally guaranteed. The plaza has a signalized entrance allowing great access to the pl aza for the surrounding residential community and the constant flow of Highway 33 traffic (40,910+ VPD). The property is located in an economically strong residential community with average household incomes near $88,000 within a 1-mile radius of the plaza. Marysville was recently names “One of the Best Five Hometowns in Ohio,” by Ohio Magazine. The plaza backs up to a large community with more than 1,500 homes called Northwood Estates and Mill Valley, and the shopping center is surrounded by newer public schools and employers. Both subdivisions have a dedicated access road for ease and convenience to the retailers. Marysville and Union County are one of the fastest growing cities and counties in Ohio. The young age of the plaza along with its inviting appearance along State Route 31 provides this area with loads of growth potential. The plaza is located 25 miles northwest of Columbus and is off the exit of Highway 33 on Route 31, which is less than 0.3 miles from the highway. The location of the plaza between the area’s major highway and the entrance to the residential community makes this a destination point for all those that pass by on their commute. 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 us for an evaluation of your commercial property. Please visit us on-line at www.coopergrp.com for the most up-to-date listings and information, “Like” us on Facebook and follow us on Twitter @TheCooperGrp.