Vineyard Square Plaza shopping center and warehouses for sale on SR 60 in Vermilion. Cap rate 6.75% at 5% vacancy. Actual occupancy is 100%. Retail: 29,261 SF. Flex Space: 30,200 SF. 98% occupancy. Tenants include Mercy Health (48% of retail income, 32% of overall Income). Site approval for 6,000 SF of additional flex space. Owner, developer and a current tenant (Prete Builders) are related parties. Tenant is willing to sign a 3-year master lease, assignable. Sale includes two Erie County Parcels: 1200083002 and 1200083005.
Estimated Monthly Payment: $26,933.94 (including taxes & insurance estimates)Edit mortgage details for a more accurate payment
|City: Vermilion||Property Type: Commercial - Retail|
|Subdivision: Vermillion Sec 1||Lot Size: 10.86 Acres|
|Taxes: / year||Status: Active|
|Square Feet: 59461||Year Built: 1994|
|Property Type: Commercial - Retail||Roof Type: Asphalt, Fiberglass, Metal|
|Days on Market: 164||Sewer: Public Sewer|
|Lot Dimensions:||Stories: 1.0|
|Lot Size: 10.86 Acres||Taxes: / year|
|Parcel#: 12-00083-002||Water: Public|
|Parking: On Site, Private||Year Built: 1994|
Agency Name: Hoty Enterprises, Inc.
Agency Phone: (419) 609-7000
Agency Title: Landes & Landes