appleseed center - loopnet · 2018. 9. 13. · appleseed center currently is currently 64% occupied...
TRANSCRIPT
KKeevin Jvin Jamesames, CCIM, [email protected] 199 S. High St., Suite 100
Columbus, OH 43215www.goblackgate.com
Property Description
Black Gate Partners, on behalf of ownership as its exclusive advisor, is pleased tobring to market the Appleseed Center, a 141,380 SF shopping center, located inthe main retail corridor off Lexington Avenue in Mansfield, Ohio. The shoppingcenter is anchored to a corporately-owned, top five performing, KrogerMarketplace. Appleseed Center currently is currently 64% occupied and sits on20 acres, providing a great opportunity for upside or redevelopment.
Property Highlights
• Grocery Store Anchor: Anchored by a corporately-owned, top-fiveperforming 110,000+/SF Kroger Marketplace.
• Available Space in Attractive Location: 141,380 square feet of retail space,located on 20 acres in the main retail corridor of Mansfield, Ohio off ofLexington Avenue. The main entrance is shared with Panera Bread,McDonald's and Huntington Bank outparcels.
• Opportunity for Growth: Upside opportunity to lease up the current 64%occupied center priced at $32.54/SF or redevelopment and cost of only$230,000/acre.
Building Summary
Asking Price: $4,600,000
Cap Rate: 8.62%
Size: 141,380 SF
Occupancy: 64%
AAppleseed Cenppleseed Centerter1468 Lexington Ave., Mansfield, OH 44907
Retail PrRetail Propertoperty Fy For Saleor Sale
KKeevin Jvin Jamesames, CCIM, [email protected]
The information contained herein was obtained from sources believed reliable; however, Black Gate Partners LLC makes no guarantees, warranties, or representations as to the completeness or accuracythereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice.
Site Plan
Appleseed Center1468 Lexington Ave., Mansfield, OH 44907
KKeevin Jvin Jamesames, CCIM, [email protected]
The information contained herein was obtained from sources believed reliable; however, Black Gate Partners LLC makes no guarantees, warranties, or representations as to the completeness or accuracythereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice.
Retailer Map
Appleseed Center1468 Lexington Ave., Mansfield, OH 44907