9501-9591 Vista Way - Retail FOR SALE


Garfield Heights, OH 44125
$6,740,000 USD
9501-9591 Vista Way, Garfield Heights, OH for Sale
$6,740,000 USD
Retail - FOR SALE
1/3
null | 8% Cap Rate

9501-9591 Vista Way
Garfield Heights, OH 44125


HIGHLIGHTS

  • Starbucks & Chipotle Anchored Multi-Building Strip Center | Starbucks End Cap Drive-Thru | Recent Extensions — Starbucks Exercised 5-Yr Option
  • Comprised of Daily Needs Service & Food Based Operators | Recent 5-Yr Extensions with Penn Station & T-Mobile | 5-Yr Extension & Expansion
  • Immediate Opportunity to Increase Cash Flow and Add-Value via the Lease-Up of the Two Remaining 2nd Generation Vacancies (1,569 SF; 1,166 SF)
  • Giant Eagle Shadow Anchored | Heavily Trafficked Location | Additional Daily Traffic Drivers with Surrounding Industrial, Office & Medical Employers
  • Thousands of Construction Jobs and ~700 Permanent Jobs Located Directly Across I-480 Off Transportation Blvd on a 72 AC Site

OVERVIEW

Broker of Record Matthew Wallace License # REC.2022007141 (OH) Matthews Real Estate Investment Services, Inc 950 Main Ave., Suite 510, Cleveland, OH 44113 (866) 889-0550

FOR SALE DETAILS

PRICE

$6,740,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shoppes at Vista Way

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

CROSS STREETS

I-480

LAND ACRES

2.12 AC

LAND SF

92,347 SF

ZONING

U-11A

APN/PARCEL ID

542-16-002

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