Colonial Plaza

27561-27589 Euclid Avenue, Euclid, Ohio 44132

« Back to Search Results

For Sale

Contacts

Maureen Anter-Ressler
216-831-8100
Email

Property Highlights

  • Credit-worthy tenants since 2005
  • Great mass transit system surrounding investment property
  • Price per SF well below investment cost
  • Adjacent to major retailers including Save-A-Lot and major interstates
  • Pass-thru expenses to tenants

INVESTMENT SUMMARY

  • Anchor Tenants: Dollar General & Roto-Rooter
  • Square Footage: 27,200
  • Year Built: 1968
  • Parking: 150 surface spaces; a ratio of 5.5/1,000 SF
  • Cap Rate: 10.4%
  • Traffic Count: 14,218
  • Parcel ID: 648-32-073
  • Zoning: Commercial

CLEVELAND OUTLINE

Cleveland is a major city in the U.S. state of Ohio on the shores of Lake Erie. Cleveland is the second-largest city in Ohio and the Greater Cleveland is ranked 32nd largest metropolitan area in the U.S., with 2.05 million people. Cleveland is home to the corporate headquarters of many large companies such as Applied Industrial Technologies, Cliffs Natural Resources, Forest City Enterprises, NACCO Industries, Sherwin-Williams Company, and KeyCorp. NASA maintains a facility in Cleveland, the Glenn Research Center. The Cleveland Clinic is the city's largest private employer with a workforce of over 37,000 as of 2008. It carries the distinction as being among America's best hospitals with top ratings published in U.S. News & World Report.

View Larger Map »