Portfolio of properties for Sale - East
The Dunlap Portfolio offers the unique opportunity to acquire four exceptional commercial properties throughout the Ohio region. This dynamic portfolio comprises nearly 500,000 square feet across one office building, one mixed-use multifamily/office/retail complex, and two retail buildings. Each property can be purchased separately.
7012 Euclid Avenue is a fully-renovated office building containing 165,965 square feet in Cleveland, Ohio. The building was originally constructed in 1917 and then completely renovated in 2017. In addition, there is a newly constructed 650-space multi-level parking garage on-site. 7012 Euclid Avenue comprises four floors of flexible office space suitable for retail, office, research, medical, lab, or tech users, a conference room, and a fitness center with showers. The property also features dual feed power from separate stations, back-up generators, and brilliant Cleveland skyline views. The building and parking garage have long-term coterminous leases in place to Dealer Tire as of the effective appraisal date. The site area is 5.24 acres or 228,321 square feet. 9% Exit Cap Rate.
8003-8023 Crile Road is an existing Discount Drug Mart anchored multi-tenant retail shopping center property containing 57,257 square feet of gross leasable area in Concord, Ohio. The property consists of 28,000 square feet of anchor space, 9,002 square feet of inline retail space, and 20,255 square feet of office/warehouse space at the rear of the facility. Improvements were originally constructed in 1971, with expanded and complete renovations in 2018. 8003-8023 Crile Road is well located along State Route 44, a main area thoroughfare and retail corridor, just minutes from Interstate 90. As of the effective appraisal date, the property is 76% leased. The site area is 9.48 acres or 413,005 square feet. 9% Exit Cap Rate.
210 S Depeyster Street is a four-building, mixed-use complex containing a total of 84 apartment units and a combined total of 116,241 square feet of retail and office space in the heart of Kent, Ohio's vibrant college town. Improvements were made in 2016. 210 S Depeyster Street is conveniently located less than a five-minute walk to Kent State University campus and several neighborhood amenities. The apartments are 100% leased, and the retail space is 92% leased. The site area is 2.00 acres or 87,164 square feet. 8.25% Exit Cap Rate.
8001-8173 E Broad Street is a bustling community shopping center comprising 204,466 square feet of retail space in a growing commercial corridor in a suburb of Columbus, Ohio. Construction of the improvements began in 2016 and finished in mid-2017. The property is home to several national retailers, including TJ Maxx, Hobby Lobby, Maurices, Shoe Dept. Encore, Half Price Books, PetSmart, Dollar Tree, and more. 8001-8173 E Broad Street boasts high traffic counts and prime signage opportunities. As of the effective appraisal date, the property is 90% leased. The site area is 24.94 acres. 9% Exit Cap Rate.
