216-525-1488
12308 Mayfield Rd, Cleveland, OH for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

12308 Mayfield Rd
Cleveland, OH 44106
Little Italy


HIGHLIGHTS

  • 32 oversized apartment units and approximately 8,658 SF of ground-floor NNN retail

OVERVIEW

This offering presents a rare opportunity to acquire La Collina, a 32-unit luxury asset located in the heart of Little Italy at 12314 Mayfield Road in Cleveland, Ohio. Built in 2018, the property includes 32 oversized apartment units and approximately 8,658 SF of ground-floor NNN retail, creating a diversified income stream supported by two established food and beverage operators. Positioned within the highly desirable University Circle submarket, the asset benefits from immediate proximity to Cleveland Clinic, University Hospitals, and Case Western Reserve University, three of the region’s largest and most stable employment anchors.

FOR SALE DETAILS

PRICE

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# OF UNITS

32

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Collina Little Italy

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

-

APN/PARCEL ID

121-04-111

ASK ABOUT THIS PROPERTY

David LebCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1488

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David LebCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1488

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.