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1020-1190 Cleveland Rd
Sandusky, OH 44870
Sandusky Plaza · Retail Property For Sale
Investment Highlights
- 185,273 SF Neighborhood Shopping Center Situated On A Substantial 16.4-Acre Parcel - All Pad Sites Included
- Offered At An Attractive $28.97 PSF Basis, Significantly Below Replacement Cost - Well Below Intrinsic Land Value
- Shadowed By National Tenancy Including Dollar Tree, Family Dollar, H&R Block, Rent-A-Center & Boost Mobile
- 98.25% Occupied - Providing Immediate In-Place Cash Flow With Ideal Flexibility And Upside Potential
- Diverse 29-Tenant Rent Roll - Durable Income Through Broad Tenant Diversification
- Hard Corner Main On Main Location Along Cleveland Road (US-6), One Of Sandusky’s Primary Roads To Cedar Point With Strong Daily Traffic
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
159,285 SF
Building Class
C
Year Built/Renovated
1970/2012
Price
$7,609,142 CAD
Price Per SF
$47.77 CAD
Cap Rate
10%
NOI
$760,913 CAD
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
15.06 AC
Zoning
Retail - Retail/Shopping Center
Parking
1,000 Spaces (5.34 Spaces per 1,000 SF Leased)
Amenities
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,159,004 CAD | |
| Land Assessment | $429,786 CAD | Total Assessment | $2,588,790 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$429,786 CAD
Improvements Assessment
$2,159,004 CAD
Total Assessment
$2,588,790 CAD
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