Strongsville Pointe
Property Type: Retail | Property Status: Sold
Property Details
Price: $1,650,000
CAP Rate:
Square Feet:
Tenancy Type: Mixed
Lease Type: NNN
Location Info
Address: 14375-14427 Pearl Road
City: Strongsville
State: OH
Zip: 44136
Property Description
Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the Strongsville Pointe located at 14375-14427 Pearl Road, Strongsville, Ohio 44136. The 41,019 square foot property is located in the up and coming area of Strongsville, a suburb of Cleveland, Ohio. Strongsville Pointe is in an affluent area with favorable demographics in a growing population. With two strong outparcels (Taco Bell and Dollar Bank) and an inline center anchored by Boston Market; the property has well-established tenants with a loyal client base. This property was particularly appealing to the buyer for the property’s upside potential and low price per square foot price at $40.23. The sale of the property closed $1,650,000.
Details
Bob Havasi, Vice-President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio had the privilege to represent, both the Sellers, Coral Strongsville Limited Partnership out of Cleveland, Ohio, and the buying party, whom was a private investor out of California. “Due to this property’s current high-profile tenants, upside potential, low price per square foot sales price and prime location, this was an ideal asset for the buyer’s portfolio,” says Havasi. The Cooper Commercial Investment Group looks forward to working with all 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 The Cooper Commercial Investment Group on-line at www.coopergrp.com for the most up-to-date listings and property information. Please e-mail [email protected] to obtain additional information on any of our current listings.