Brady Sullivan Properties Acquires Office Tower At 1100 Superior Avenue From LNR Partners For $8.1M
1100 Superior Avenue East
$8,100,000
$14/SF
Building Size
576,500 SF
Asset Type
Office
Closing
Oct 7, 2025
AI
1100 Superior Avenue is an office asset located in Cleveland, OH, which has been sold for $8,100,000. The property comprises a 21-story office tower with a total square footage of 576,500, resulting in a price per square foot of $14.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,100,000
- Address: 1100 Superior Avenue
- Market: Cleveland, OH
- Seller: LNR Partners LLC
- Buyer: Brady Sullivan Properties
- Square Footage: 576,500
- Price per Square Foot: $14
- Brokers: Steve Timmel, Will Roberts, Jamie Dunford - CBRE, Warren Blazy III, Eric Smith
CBRE arranged the sale of the property with Steve Timmel, Will Roberts, Jamie Dunford, Warren Blazy III, and Eric Smith representing the seller, LNR Partners LLC, in this transaction.
Players
Cleveland Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93