University Hospitals at Sentry Center

Property Type: | Property Status: Sold

University Hospitals at Sentry Center

Property Details

Price: $1,250,000

CAP Rate:

Square Feet:

Tenancy Type: National

Lease Type: Absolute NNN

Location Info

Address: 13201 Granger Road

City: Garfield Heights

State: OH

Zip: 44125

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the single-tenant, Absolute NNN University Hospitals OB/GYN office condo unit in the community of Garfield Heights, an east side suburb of Cleveland (10 miles), Ohio. The physicians of world-renowned University Hospitals selected this particular location for its expansion of services in the community. The hospital system is the 2nd Largest Private Sector Employer in Northeast Ohio and has a Moody’s “A2” credit rating. The hospital system recently extended the lease, leaving just under 4 years of term remaining.

Bob Havasi and Dan Cooper of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the local private Sellers in this transaction. The 1031 buyer based out of New Jersey was found directly by the Cooper Group and purchased the asset for $1,250,000. The all-cash transaction went from contract to close in less than 30 days. Through marketing efforts, The Cooper Group generated a significant amount of interest in the property.