Foltz Parkway Office/Warehouse Building
Property Type: Flex (Office/Warehouse) | Property Status: Sold
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.
Details