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21653 Center Ridge Road

KPR Centers Acquires Westwood Town Center In Rocky River, Ohio For $28.2 Million
SOLDRetail

KPR Centers Acquires Westwood Town Center In Rocky River, Ohio For $28.2 Million

21653 Center Ridge Road

$28,200,000

$124/SF

Building Size

226,155 SF

Asset Type

Retail

Closing

Jul 14, 2026

AI

KPR Centers acquired a retail property at 21653 Center Ridge Road in Rocky River, Ohio, for $28.2 million. The asset spans 226,155 square feet and was 95% occupied at the time of sale, anchored by Home Depot and Marc’s.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $28,200,000
  • Sale Date: 07/14/2026
  • Brokerage: JLL
  • Buyer's Name: KPR Centers
  • Seller's Name: Zeisler Morgan Properties
  • Broker Representatives: Michael Nieder & Brian Page - JLL
  • Price per Square Foot: $125

The transaction involved KPR Centers as the buyer, with Zeisler Morgan Properties as the seller. The deal was brokered by Michael Nieder and Brian Page of JLL, serving as representatives in this transaction.

Players

Michael Nieder

JLL

Broker

$465.8M

vol

19 deals

Broker
KPR Centers
KPR CentersBuyer
Zeisler Morgan Properties
Zeisler Morgan PropertiesSeller

Rocky River Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93