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Wick-Willo Mall 30426-30436 Euclid Ave 26,012 SF 100% Leased Retail Building Wickliffe, OH 44092 $1,661,145 CAD ($63.86 CAD/SF) 6.79% Cap Rate
INVESTMENT HIGHLIGHTS
- Value Add Component: This asset is just under 80% occupied, allowing a new owner to benefit from lease up efforts and extending leases.
- Limited Day One Capital Expenditures: Owner has recently completed new exterior paint jobs, cosmetic façade improvements, and much more
- Strong Area Demographics: This asset is positioned in the heart of a very dense and high demographic trade area.
- Short Term Leases & Lease Conversion: This property benefits from having short term leases and MG or G leases.
- Well Below Replacement Cost: At below $50 PSF offering price, this asset is drastically below replacement cost.
- This asset supports a market with a strong daytime population and heavy car traffic.
EXECUTIVE SUMMARY
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
26,012 SF
Building Class
C
Year Built/Renovated
1974/2010
Price
$1,661,145 CAD
Price Per SF
$63.86 CAD
Cap Rate
6.79%
NOI
$112,732 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.33
Lot Size
1.81 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $311,187 CAD | |
| Land Assessment | $73,805 CAD | Total Assessment | $384,992 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$73,805 CAD
Improvements Assessment
$311,187 CAD
Total Assessment
$384,992 CAD
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Wick-Willo Mall | 30426-30436 Euclid Ave
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