Southland South Shopping Center

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the Southland South Shopping Center located in Middleburg Heights, Ohio. The center sold for $770,000 and the Buyers were found within the first week of marketing the property. Bob Havasi, Vice-President of the Cooper Commercial Investment Group of Cleveland, Ohio had the privilege to represent the owner, an institutional seller out of New York, and also found the Buyer, a private investor out of Cleveland, Ohio. The property closed in under thirty days of contract execution.

Details
Southland South Shopping Center is a 56,170 S.F. retail center in the heart of the area’s commercial district. The property is positioned within the Greater Cleveland Metropolitan Area (16 miles southwest of Downtown Cleveland) and the center is ideally located less than two miles east of I-71 (Cleveland’s main north/south highway running from Cleveland to Louisville, Kentucky). The center sits next to and shares access with Gabriel Brothers, while also being positioned directly across from and sharing a signalized entrance/exit with Southland Shopping Center. Southland Shopping Center is predominantly anchored by large tenants and department stores including: BJ’s Wholesale Club, a newer 87k square foot Giant Eagle Grocery, Burlington Coat Factory, PETCO, JoAnn Stores, and Marc’s Discount. With Southland South’s immediate proximity to Southland Shopping Center, the tenants benefit from the heavy daily traffic attracted to Southland and to Pearl Road’s constant flurry of activity. The featured property is located at Smith Road and Pearl Road; Pearl Road being one of Cleveland’s most noted and heavily traveled roadways with traffic counts near 40,000 vehicles per day. The center is also positioned with easy highway access to I-71, I-480 and I-80 (Ohio Turnpike); providing the center with the possibility of acquiring tenants that want to serve Cleveland and Akron, along with ease of access around the Midwest Region. 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. 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.