SRS Completes Sale of Toledo Airport Square Shopping Center
SRS Real Estate Partners has completed the $11.91 million sale of Airport Square, a 187,252-square-foot shopping center in Toledo, Ohio. SRS Real Estate Partners has completed the sale of the 187,252-square-foot shopping center in Toledo, Ohio, for approximately $11.91 million. The property, located on approximately 23 acres, is 99 percent occupied by tenants such as Urban Air Adventure Park, Discount Fashion Warehouse, American Freight, and DaVita Healthcare. SRS Capital Markets represented the seller, Oklahoma City-based Frayer Properties, and SRS also represented the buyer, a private investor from Las Vegas. The debt was procured by Matt Shane of SF Capital Group.
Опубликовано : 2 месяца назад от Jasmine Kilman в Travel
SRS Real Estate Partners has completed the approximately $11.91 million sale of Airport Square, a 187,252-square-foot shopping center located at 5245 and 5325 Airport Highway in Toledo, Ohio.
SRS Capital Markets Jack Cornell, Matthew Mousavi and Patrick Luther, as well as Mac Lehrer with Hoty Enterprises, represented the seller, Oklahoma City-based Frayer Properties. SRS also represented the buyer, a private investor from Las Vegas. Matt Shane of SF Capital Group procured the debt.
Situated on approximately 23 acres, the property is 99 percent occupied by a number of tenants, including Urban Air Adventure Park, Discount Fashion Warehouse, American Freight, and DaVita Healthcare.
“This was a complex transaction, and SRS was able to work with both the buyer and the seller to execute financing in a challenging interest rate environment,” said Cornell. The property is situated on the signalized intersection of U.S. Highway 20 and Airport Highway and is just 1.2 miles from Interstate 475.