Cooper Commercial Investment Group Brokers $7.1 Million Sale Of Retail Property In Solon Ohio

The property asset involved in the transaction is a retail building located at 6130 Kruse Drive in Solon, OH. The sale was finalized at a price of $7,100,000, with a total square footage of 31,925. The asset sits on 3.8 acres of land and was sold at a price per square foot of $222.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,100,000
• Address: 6130 Kruse Drive
• Market: Solon, OH
• Asset Size: 31,925 SF
• Price Per Square Foot: $222
• Cap Rate: 6.75%
• Leasing Status: 78% leased
• Broker: Dan Cooper - Cooper Commercial Investment Group

The transaction involved the acquisition of Kruse Commons, a two-building retail property that is anchored by Panera Bread and Mitchell’s Homemade. A Midwest-based fund was responsible for the acquisition of this asset.