Retail Center On Lorain Road Sells For $4.25M With Cooper Commercial Investment Group Representing Seller
24101 Lorain Road & 24201 Lorain Road
$4,250,000
$57/SF
Building Size
36,966 SF
Asset Type
Retail
Closing
Jun 12, 2026
About this deal
AI
Bentley Coe Plaza, located at 24101-24201 Lorain Road in North Olmsted, Ohio, is a retail center that encompasses 36,966 square feet. The property sold for $4.25 million, reflecting a price per square foot of $115. The transaction was executed at a 7.38% cap rate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,250,000
- Square Footage: 36,966
- Address: 24101-24201 Lorain Road
- Market: North Olmsted, OH
- Price Per Square Foot: $115
- Cap Rate: 7.38%
- Broker: Dan Cooper - Cooper Commercial Investment Group
Dan Cooper from Cooper Commercial Investment Group represented the seller in this transaction and was responsible for sourcing the buyer before the property was formally marketed.
On the Map
$4,250,000
$57/SF
Retail
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Players
Lorain Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93