The Cooper Commercial Investment Group Brokers $7.8 Million Sale Of Mixed-Use Property In Chagrin Falls

A mixed-use property located at 524, 528 & 530 East Washington Street in Chagrin Falls, OH has been sold for $7,800,000. The asset spans 67,530 square feet and sits on 5 acres of land. The property features retail, flex, and warehouse spaces, and it was sold at a price per square foot of $116, with a cap rate of 7.7%. Long-term tenants have consistently renewed leases at this location.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $7,800,000
• Address: 524, 528 & 530 East Washington Street
• Market: Chagrin Falls, OH
• Square Footage: 67,530
• Acreage: 5
• Price per Square Foot: $116
• Cap Rate: 7.7%

The transaction was brokered by Bob Havasi and Dan Cooper from The Cooper Commercial Investment Group. They represented the property in the sale of Washington Center, ensuring a smooth transaction within the Chagrin Falls/South Russell area near Cleveland.