First National Realty Partners Acquires Grocery Center In South Euclid For $14.8M
First National Realty Partners Acquires Grocery Center In South Euclid For $14.8M
4519 Mayfield Road
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The Marc’s Grocery Center, located at 4519 Mayfield Road in South Euclid, Ohio, encompasses 63,317 square feet of retail space on a 7.6-acre lot. The property was sold for $14.8 million, equating to a price per square foot of $234, and is currently 94% leased to tenants such as Marc’s Grocery, Starbucks, and AT&T.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,800,000
- Sale Date: 03/11/2026
- Asset Size: 63,317 SF
- Price Per Square Foot: $234
- Broker: Erin Patton - Institutional Property Advisors - Marcus & Millichap
- Buyer: First National Realty Partners
- Seller: DeVille Developments
- Market: South Euclid, OH
- Lot Size: 7.6 acres
Erin Patton from Institutional Property Advisors, a division of Marcus & Millichap, represented the transaction in this deal between the buyer, First National Realty Partners, and the seller, DeVille Developments, who previously redeveloped the property.
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