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Kingston Corners Shopping Center 27089-27095 Bagley Rd

57,275 SF 100% Leased Retail Building Olmsted Twp, OH 44138 $8,120,000 ($142/SF) 8% Cap Rate

Storefront Properties Ohio Olmsted Twp 27089-27095 Bagley Rd, Olmsted Twp, OH 44138

Investment Highlights

  • 100% Occupied, 57,275 SF Grocery-Anchored Neighborhood Retail Center in Olmsted Township, OH (Cleveland MSA)
  • Affluent, Highly-Desirable Area: $128K AHHI within 1-Mile
  • All 12 Tenants are NNN, 100% Recovery of Tax/Ins/ CAM Expenses via NNN Lease Structures
  • Anchored by Shaker’s MarketPlace (59% of GLA) on NNN Lease thru July 2029
  • 3-Tenant Outparcel Building w/ Majority Long- Term Leases Included in Sale – Located Directly at Hard Corner Intersection w/ Recent Façade Renovation
  • 91.6% Recovery of Landlord Operating Expenses via Majority NNN Lease Structure

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
57,275 SF
Building Class
C
Year Built
1985
Price
$8,120,000
Price Per SF
$142
Cap Rate
8%
NOI
$649,529
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Land Acres
4.87 AC
Zoning
RB, Olmstead Twp - RETAIL
Parking
219 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
692 FT on Bagely

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 27093-J
  • 1,200 SF
  • Retail
  • -
  • Jan 2025
Space Size Space Use Position Available
27093-J 1,200 SF Retail - Jan 2025

27093-J

Size
1,200 SF
Space Use
Retail
Position
-
Available
Jan 2025
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 264-20-039
  • 263-01-005
 Improvements Assessment $1,206,380 (2022)
Land Assessment $741,370 (2022) Total Assessment $1,947,750 (2022)

PROPERTY TAXES

Parcel Numbers
Multiple
  • 264-20-039
  • 263-01-005
Land Assessment
$741,370 (2022)
Improvements Assessment
$1,206,380 (2022)
Total Assessment
$1,947,750 (2022)
(216) 264-2000

  • Listing ID: 31795525

  • Date on Market: 5/14/2024

  • Last Updated:

  • Address: 27089-27095 Bagley Rd, Olmsted Twp, OH 44138

More public record information on 27089-27095 Bagley Rd, Olmsted Twp, OH 44138

The Retail Property at 27089-27095 Bagley Rd, Olmsted Twp, OH 44138 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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Kingston Corners Shopping Center | 27089-27095 Bagley Rd
(216) 264-2000 x

Kingston Corners Shopping Center | 27089-27095 Bagley Rd

Scott Wiles

(216) 264-2000

(216) 264-2000

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