Cooper Group Facilitates $6.4M Sale Of Hillsdale Shopping Center In Canton, Ohio
2809 Whipple Avenue Northwest
$6,400,000
$82/SF
Building Size
78,010 SF
Asset Type
Retail
Closing
May 4, 2023
About this deal
AI
The Cooper Commercial Investment Group, led by broker Dan Cooper, has facilitated the sale of Hillsdale Shopping Center in Canton, Ohio. The retail property, located at 2809 Whipple Avenue Northwest, spans approximately 78,010 square feet and was sold for a total price of $6,400,000. The shopping center, which is situated approximately 20 miles south of Akron, is currently 90% leased.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,400,000
- Square Footage: 78,010
- Price per Square Foot: $82
- Address: 2809 Whipple Avenue Northwest, Canton, Ohio
- Market: Canton, Ohio
The sale of Hillsdale Shopping Center was completed by a private West Coast-based investor, with the assistance of Dan Cooper from The Cooper Commercial Investment Group. The center is currently occupied by various tenants, including Siffrin, Hallmark, Inspire Performing Arts, Aunt Susie's Cancer Wellness Center, and Giddy's 24/7 Fitness.
Players
Canton 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93