Collegetown Blue 1938 Euclid Ave

Investment Highlights

12,686 SF mixed-use fully occupied commercial property available for sale Long-term anchor tenant recently extended for an additional 5 years of lease term Situated along Cleveland RTA's Healthline, connecting the two largest regional employment areas, Downtown and University Circle Tenants include a mix of office, retail, and hospitality users All building mechanicals, electrical, plumbing, and windows were replaced in 2009, with a portion of the lower-level roof replaced in 2014 Located in downtown Cleveland's Campus District adjacent to Cleveland State University?s 85-acre campus, with over 16,000 students enrolled and over 1

Executive Summary

Fully occupied, highly visible, mixed-use commercial property. Long-term anchor tenant extended for five years as part of a recent renovation. Located in Downtown Cleveland's Campus District, adjacent to Cleveland State University?s 85-acre campus, with over 16,000 students and 1,500 faculty and staff. Property is within walking distance to major local attractions such as such as Playhouse Square, the Gateway District, Public Square, Wolstein Center, and East Fourth Street.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    12,686
• Building Class    B
• Year Built/Renovated    1910/2010
• Price    2,250,000
• Price Per SF    177
• Cap Rate    8.77
• NOI    197,325
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    1.27
• Land Acres    0.23 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line
• Signage
• Air Conditioning