Retail
Community Center

Marketplace at Four Corners Shopping Center for Sale

7555 Market Place Drive,  Aurora, Ohio 44202

For Sale

$16,000,000

About 7555 Market Place Drive

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.
Investment
CR
Multi-Tenant
B
Existing
2004
1
8.43%
116,436 SqFt
43,300 SqFt
108,274 SqFt
11.35 Acres
9/1000SqFt
Cleveland
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
Attachments & Links
Flyer_Aurora.pdf
More details
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Rich Enderlin

Chief Operating Officer

Sperry Commercial Inc

16027 Ventura Blvd.
#330
Encino, CA 91436

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