CBRE Brokers Michael Shover & Matthew Gorman Facilitate $6.7M Retail Sale In Warrensville Heights, OH
4070 Interchange Corporate Center Road, Warrensville Heights, Ohio, USA
$6,700,000
$796/SF
Building Size
8,408 SF
Asset Type
Retail
Closing
Nov 24, 2021
AI
4070 Interchange Corporate Center Road in Warrensville Heights, OH has been sold for $6,700,000. This retail property spans 8,408 square feet, resulting in a price per square foot of $797.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,700,000
- Address: 4070 Interchange Corporate Center Road, Warrensville Heights, OH
- Market: Warrensville Heights, OH
The sale of this retail property was facilitated by CBRE brokers Michael Shover and Matthew Gorman. They represented the parties involved in the deal.
Players
Cleveland 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93