5144-5174 College Corner Pike - Freestanding FOR SALE
Oxford, OH 45056 |
$1,979,000 USD
216-264-2000
5144-5174 College Corner Pike
Oxford, OH 45056
HIGHLIGHTS
- 75% Occupied Shopping Center Priced at $43/SF – Far Below Replacement Cost
- Stabilized CAP of 14% at Conservative Lease Up Assumptions of Vacant Spaces
- Includes 7 Total Acres - 1.345 Acres (58,568 SF) is Available for Future Development
- Average Rent in Place of $5.52/SF Far Below Market Rents
- Multiple Paths to Upside - 11,444 SF Vacancy (25.14% GLA) Across 4 Suites + Vacant Land Development + Taking Rent to Market + Converting Gross Leases
- Only One Tenant on a NNN Lease Currently – Current Recapture Rate of 12%
FOR SALE DETAILS
PRICE
$1,979,000 USD
PRICE/SF
$43 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
170
LAND DETAILS
LAND ACRES
7.06 AC
LAND SF
307,534 SF
ZONING
Commercial
APN/PARCEL ID
H4100-019-000-074,H4100-019-000-075
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216-264-2000
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216-264-2000
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