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
About this deal
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.
The retail sale at 4070 Interchange Corporate Center Road, Warrensville Heights, Ohio, USA in Cleveland, Ohio sold for $6.7M in 2021. The building is 8,408 square feet, implying about 796 per square foot on the published price. Michael Shover, Matthew Gorman, CBRE appear on the sale alongside CBRE. This page is the Cleveland, Ohio file for the 4070 Interchange Corporate Center Road, Warrensville Heights, Ohio, USA retail sold: pricing, party profiles, and other closed retail comps from the same Cleveland sit in the Market section below. Filter that Cleveland retail set by closing date to see what else sold near 4070 Interchange Corporate Center Road, Warrensville Heights, Ohio, USA around 2021. Published consideration for 4070 Interchange Corporate Center Road, Warrensville Heights, Ohio, USA is $6.7M, dated 2021. Cite this CBRE Brokers Michael Shover & Matthew Gorman Facilitate $6.7M Retail Sale In Warrensville Heights, OH sale when underwriting similar retail product around Cleveland, Ohio.
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