Property Picture


Price: $3,250,000
Property Type: Retail
Status: Sold
Address: 5455 Ridge Road
                  Parma, OH  44129
CAP Rate: 0%
Square Feet: 14,753
Tenancy Type: National
Lease Type: Absolute NNN

Short Description:
The Cooper Commercial Investment Group (www.CooperGrp.com) is pleased to announce the sale of the DARK single-tenant Rite Aid location in the densely populated corridor of Parma, Ohio, a suburb or Cleveland. Rite Aid, is on an Absolute NNN lease structure with 8.5 years of term remaining.

Details
Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investment group out of Alaska. The buyer for the property was found within the first two weeks of marketing the asset for sale the and was purchased for $3,250,000. Through marketing efforts, the Cooper Group generated a significant amount of interest in the property along with multiple offers on the property. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit them on line at www.CooperGrp.com for the most up-to-date listings and information, stay connected by, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.