CrownPoint Partners Completes $1.7 Million Retail Center Sale in Toledo
In a significant development in the commercial real estate sector, CrownPoint Partners has successfully facilitated a $1.7 million sale of a fully leased, multi-tenant neighborhood retail center located at 4311 Heatherdowns Boulevard in Toledo, Ohio. This transaction highlights the growing demand for stabilized, multi-tenant properties in the Midwest market. The center spans an impressive 19,000 square feet and boasts a strong history of occupancy, with an impressive 78.9% of its gross leasable area on the market for over 20 years. Among its notable tenants is The Distillery, a well-known local spot featuring live music, trivia nights, and an array of craft beers.
CrownPoint’s Managing Partners, Julius Swolsky and Shannon Bona, played instrumental roles as they represented both the seller and the buyer in the transaction. The buyer, a local investor, was not engaged in a 1031 exchange, allowing for a more straightforward purchase process. The effective marketing strategies employed by CrownPoint led to multiple offers and an intense bidding process, ultimately culminating in a sale price that reflects thorough market execution.
"This transaction is a testament to the continuous demand for reliable, multi-tenant retail spaces in the Midwest," noted Swolsky. He emphasized the importance of carefully selecting buyers during the sales process. Comprehensive vetting of offers and buyer intentions enabled CrownPoint to align with the right local investor committed to the property, facilitating a smoother transaction process. Bona added, "This approach allows us to navigate any unforeseen challenges that may arise during escrow since all participants are aligned in their goals."
CrownPoint Partners has established itself as an expert in executing retail investment sales across the United States, serving a diverse clientele that includes developers and private investors. They operate from two key offices located in West Palm Beach, Florida, and Newport Beach, California. With a robust track record and expertise in net lease and sale-leaseback transactions, CrownPoint is a trusted partner in the real estate investment sector.
The firm’s client base includes a mix of Real Estate Investment Trusts (REITs), institutions, private equity firms, developers, business owners, and individual investors. CrownPoint's refined platforms for Net Lease Investments and Sale-Leaseback transactions offer tailored solutions designed to meet the unique needs of each client. Their services encompass every stage of the investment journey from acquisition to corporate expansion and value optimization.
CrownPoint is committed to transparency, responsible investment practices, and building long-term partnerships with clients to realize their financial aspirations. As such, the recent sale of the retail center on Heatherdowns Boulevard stands as a vital indicator of market stability and the ongoing allure of multi-tenant retail in the region.
For those interested in learning more about CrownPoint Partners and their offerings, further information can be found at www.crownpoint.co. Media inquiries can be directed to Shannon Bona, Managing Partner and Co-Founder, or Julius Swolsky at the contact numbers provided in their press release. This transaction not only showcases their expertise but also underlines the potential for future retail investments in the Toledo area as consumer habits continue to evolve towards community-centric shopping experiences.
CrownPoint’s Managing Partners, Julius Swolsky and Shannon Bona, played instrumental roles as they represented both the seller and the buyer in the transaction. The buyer, a local investor, was not engaged in a 1031 exchange, allowing for a more straightforward purchase process. The effective marketing strategies employed by CrownPoint led to multiple offers and an intense bidding process, ultimately culminating in a sale price that reflects thorough market execution.
"This transaction is a testament to the continuous demand for reliable, multi-tenant retail spaces in the Midwest," noted Swolsky. He emphasized the importance of carefully selecting buyers during the sales process. Comprehensive vetting of offers and buyer intentions enabled CrownPoint to align with the right local investor committed to the property, facilitating a smoother transaction process. Bona added, "This approach allows us to navigate any unforeseen challenges that may arise during escrow since all participants are aligned in their goals."
CrownPoint Partners has established itself as an expert in executing retail investment sales across the United States, serving a diverse clientele that includes developers and private investors. They operate from two key offices located in West Palm Beach, Florida, and Newport Beach, California. With a robust track record and expertise in net lease and sale-leaseback transactions, CrownPoint is a trusted partner in the real estate investment sector.
The firm’s client base includes a mix of Real Estate Investment Trusts (REITs), institutions, private equity firms, developers, business owners, and individual investors. CrownPoint's refined platforms for Net Lease Investments and Sale-Leaseback transactions offer tailored solutions designed to meet the unique needs of each client. Their services encompass every stage of the investment journey from acquisition to corporate expansion and value optimization.
CrownPoint is committed to transparency, responsible investment practices, and building long-term partnerships with clients to realize their financial aspirations. As such, the recent sale of the retail center on Heatherdowns Boulevard stands as a vital indicator of market stability and the ongoing allure of multi-tenant retail in the region.
For those interested in learning more about CrownPoint Partners and their offerings, further information can be found at www.crownpoint.co. Media inquiries can be directed to Shannon Bona, Managing Partner and Co-Founder, or Julius Swolsky at the contact numbers provided in their press release. This transaction not only showcases their expertise but also underlines the potential for future retail investments in the Toledo area as consumer habits continue to evolve towards community-centric shopping experiences.
Topics General Business）
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