Retail•Community Center•For Sale

Marketplace at Four Corners Shopping Center for Sale

7555 Market Place Drive, Aurora, Ohio 44202

Sale Price $16,000,000 ($147.77 /SqFt)
Sale Type Investment
Zoning CR
Bldg Type Multi-Tenant
Class B
Status Existing
Year Built 2004
Stories 1
Cap Rate 8.43%
Gross Bldg 116,436 SqFt
Total Avail 43,300 SqFt
RBA 108,274 SqFt
Land Area 11.35 Acres
Avail Parking 9/1000SqFt
Market Cleveland
The subject property is 108,274 SF shopping center with Strong National Brand Name Tenants in Aurora, OH that has a total of six tenants including Party City, Old Navy, Kirkland, and Steinmart. 8.43% CAP on existing leases Located at 7555-7705 Marketplace Drive in Aurora, OH just off Route 43. Aurora is 24 miles southeast of Cleveland and 29 miles due north of Akron. It is just two blocks east of Grantwood Golf Course and a Walmart Supercenter.
  • 8.43% CAP rate on existing income
  • $147.77 c/psf is less than replacement cost
  • Double digit returns (11.01%) on existing income
  • True NNN 10-year leases with corporate guarantee
  • Very attractive Assumable I/O Financing with 32% down
  • Traffic count: 14,532 cars per day
8/7/2019 12:00:00 AM 8/7/2019 10:13:37 PM
Rich Enderlin
Chief Operating Officer
Sperry Commercial Inc

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