Investment Highlights
- Upside: Village Locksmith Haircutters is paying below market rents and space can be taken back in 2017 and re-leased at a significant increase
- Tenant: Southwest General Hospital (partner with University Hospitals) has been a tenant since 2009 and makes up 83% of GLA and demonstrated 320 million in revenues in 2014
- Net Lease: SWG is responsible for pro rata share of all net charges and has one renewal option of five years
- High Traffic Location: High Visibility on Bagley Road (12,734 VPD) just 3.5 miles west of the I-71 Interchange with 108,000 VPD
- Neighborhood: 3-mile west of the 354 bed Southwest General Hospital (Partner with University Hospitals) and .5 mile west of Eaton Corp Berea Campus
- Demographics: 3-mile population and Average Household Income of 47,896 and $73,426, respectively
- Retail Corridor: Positioned along Bagley Road in Berea, Ohio. Sharing a signalized intersection with newly remodeled Burger King
About Passov Real Estate Group | Investment Group
Passov Real Estate Group’s Investment Division specializes in advising on the sale of commercial real estate properties throughout Ohio and the United States. Our knowledge of the investment marketplace coupled with the relationships we have established in all other facets of real estate, and the ability to maintain these relationships, have made us a leader in investment advisory. We are committed to meeting our clients objectives and taking the most advantageous path to get there.
When marketing a property, we understand visibility leads to closed transactions. Though our relationships and our proprietary database of qualified investors, we have become and will remain a true asset in the investment sales industry. We are committed to meeting our client’s objectives and to improve their position in their real estate investment endeavors, whether they are buying or selling.
For more Information
Michael DiFranco
Investment Division
216.831.8100 | 216.896.5614
mdifranco@passovgroup.com
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