Log In/Sign Up
Your email has been sent.
38295-38305 Chestnut Ridge Rd
Elyria, OH 44035
Mattress Firm & Panera: Elyria, OH · Retail Property For Sale
Investment Highlights
- Immediate Synergy & High-Traffic Infrastructure
- Premier Tenants
- 5.7 MSF of retail, 1.5 MSF of office, 11.1 MSF of industrial, and over 8,200 multifamily units within a 5-mile radius.
Executive Summary
CBRE is pleased to exclusively offer for sale the 8,800-square-foot, two-tenant retail building that is 100% leased to Mattress Firm and Panera Bread in Elyria, OH—a vital western anchor of the Cleveland MSA (Population: 2.18M). Built in 2016, the building is situated on 1.92 acres on a hard corner at the signalized intersection of US-20/Highway 57 (26,429 VPD) and Chestnut Ridge Road (7,513 VPD).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
8,800 SF
Building Class
B
Year Built
2016
Price
$3,888,300
Price Per SF
$441.85
Cap Rate
7.50%
NOI
$291,621
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.92 AC
Zoning
RC-1
Parking
35 Spaces (3.97 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 11-00-092-000-090 | Improvements Assessment | $665,000 |
| Land Assessment | $332,500 | Total Assessment | $997,500 |
Property Taxes
Parcel Number
11-00-092-000-090
Land Assessment
$332,500
Improvements Assessment
$665,000
Total Assessment
$997,500
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
