Ohio

Mentor, Ohio — The Cooper Commercial Investment Group has brokered the $2.1 million sale of a single-tenant retail property located in Mentor. Starbucks Coffee occupies the building, which was constructed in 2022, with roughly eight years remaining on its lease. Dan Cooper of Cooper Commercial Investment Group represented the seller, an Ohio-based investment group, in the 1031-exchange transaction. 

Madison, Ohio — Marcus & Millichap has brokered the sale of Madison Shopping Center, a 72,048-square-foot retail center located in Madison, approximately 40 miles northeast of Cleveland. Tractor Supply Co. and Bealls anchor the property. Other tenants at the center include Goodwill, Snap Fitness, Eagle Financial Services and TNT Tanning. Scott Wiles, Erin Patton and Craig Fuller of Marcus & Millichap represented the undisclosed Florida-based seller, the original developer of the property, in the transaction. An Ohio-based private investor acquired the property in a 1031 exchange. 

Reynoldsburg, Ohio — The Cooper Commercial Investment Group has brokered the $5.4 million sale of Livingston Avenue Center, a 101,621-square-foot shopping center in the Columbus suburb of Reynoldsburg. The fully leased property is home to tenants such as Save-a-Lot, Big Lots and Urban Air. Dan Cooper of Cooper Group represented the seller, a private investment group out of California. The Midwest-based buyer purchased the asset at a cap rate of 8.19 percent.

Toledo, Ohio — SRS Real Estate Partners has arranged the $11.9 million sale of Airport Square, a 187,252-square-foot shopping center located in Toledo. Situated on approximately 23 acres, the property was 99 percent occupied at the time of sale. Tenants at the center include Urban Air Adventure Park, Discount Fashion Warehouse, American Freight and DaVita Healthcare. Urban Air recently signed a 10-year lease at the center. Jack Cornell, Matthew Mousavi and Patrick Luther of SRS, along with Mac Lehrer of Hoty Enterprises, represented the seller, Oklahoma City-based Frayer Properties. SRS also …