Foltz Parkway Office/Warehouse Building

Property Type: | Property Status: Sold

Foltz Parkway Office Warehouse Building

Property Details

Price: $3,985,000

CAP Rate:

Square Feet: 41,184

Tenancy Type: Mixed

Lease Type: NNN

Location Info

Address: 7295 Foltz Parkway

City: Strongsville

State: OH

Zip: 44149

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the Simplex Grinnell anchored office/warehouse building on Foltz Parkway. SimplexGrinnell, a division of Tyco recently signed a new lease at the property which sits in the heart of the business corridor of the highly sought after Strongsville, Ohio Market. Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investor from Ohio. The Illinois buyer was found prior to marketing the property for sale and has worked with the Cooper Group on multiple transactions in the past. The 98% occupied, four tenant building sold for $3,650,000, representing an 8.67% CAP Rate and approximately 92% of the list price.