Log In/Sign Up
Your email has been sent.
The Shoppes at Vista Way 9501-9591 Vista Way 41,520 SF 88% Leased Retail Building Garfield Heights, OH 44125 $8,375,000 ($201.71/SF) 8% Cap Rate
Investment Highlights
- Starbucks & Chipotle Anchored Multi-Building Strip Center | Starbucks End Cap Drive-Thru | Recent Extensions — Starbucks Exercised 5-Yr Option
- Immediate Opportunity to Increase Cash Flow and Add-Value via the Lease-Up of the Two Remaining 2nd Generation Vacancies (1,569 SF; 1,166 SF)
- Thousands of Construction Jobs and ~700 Permanent Jobs Located Directly Across I-480 Off Transportation Blvd on a 72 AC Site
- Comprised of Daily Needs Service & Food Based Operators | Recent 5-Yr Extensions with Penn Station & T-Mobile | 5-Yr Extension & Expansion
- Giant Eagle Shadow Anchored | Heavily Trafficked Location | Additional Daily Traffic Drivers with Surrounding Industrial, Office & Medical Employers
Executive Summary
Broker of Record
Matthew Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matthew Wallace
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
Building Size
41,520 SF
Building Class
B
Year Built
2006
Price
$8,375,000
Price Per SF
$201.71
Cap Rate
8%
NOI
$669,853
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.45
Lot Size
2.12 AC
Zoning
U-11A
Parking
150 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
- Smoke Detector
- Backup Power / Generators
Nearby Major Retailers
Property Taxes
| Parcel Number | 542-16-002 | Improvements Assessment | $374,010 |
| Land Assessment | $258,930 | Total Assessment | $632,940 |
Property Taxes
Parcel Number
542-16-002
Land Assessment
$258,930
Improvements Assessment
$374,010
Total Assessment
$632,940
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Shoppes at Vista Way | 9501-9591 Vista Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.