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Lakewood Place 15000 Detroit Ave 14,568 SF 100% Leased Retail Building Lakewood, OH 44107 $5,304,000 ($364.09/SF) 7.45% Cap Rate
Investment Highlights
- Unique Opportunity to Acquire a Retail Strip in Lakewood, Ohio
- New Tenants Include PotBelly, Dave’s Hot Chicken, Beyond Juicery, and Battr
- Over 12,000 Daily Vehicles on Detroit Road Directly in Front of the Property
- Surrounded by National and Chain Retailers Including Starbucks, Chipotle, Panera, Marc's
- Average Term Remaining is 6.5 Years with Staggered Option Dates
- Over 100,000 People in 3 Miles with Average HH Income $76,000
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,568 SF
Building Class
C
Year Built
2007
Price
$5,304,000
Price Per SF
$364.09
Cap Rate
7.45%
NOI
$395,148
Percent Leased
100%
Building Height
1 Story
Building FAR
0.62
Lot Size
0.54 AC
Zoning
C2
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 312-14-116 | Improvements Assessment | $500,745 |
| Land Assessment | $65,310 | Total Assessment | $566,055 |
Property Taxes
Parcel Number
312-14-116
Land Assessment
$65,310
Improvements Assessment
$500,745
Total Assessment
$566,055
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Lakewood Place | 15000 Detroit Ave
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