2872 Center Road, Brunswick, Ohio 44212

Description

2872 Center Road in Brunswick, Ohio is a single free standing Sherwin Williams building for sale. Built in 2001 on .96 acre on a corner lot. Versatile building that can adopt to different users with a 18' clears.

 There is a 10 year guarantee lease to Sherwin Williams which expires January 31, 2028. There is limited landlord responsibilities. The tenants pays for taxes, insurance and most maintenance. Recent capital improvements have been made to the property. In 2016 the parking lot was replaced, the outdoor lighting poles and light fixtures. In 2018 a $100,000 sprinkler system is scheduled to be installed.

Financials: Net Operating Income- $106,860 ( A 9% increase in year 4), Cap Rate- 6%

Property Location: Located on a corner of Fox Drive and Center Road near interchange of I-71 and Route 303 in Brunswick, Ohio

 

 

Additional Info

Within City Limits:
Yes
Ceiling Clear:
18
Construction Type:
Distance from Nearest Interstate:
Former Use:
Paint Store
Primary Building Type:
Zoning:
G-B

Property Location

Specifications

Status:
For Sale
Sale Price:
$ 1,775,000
Property Type:
Retail, Investment
Year:
2001
Acreage:
0.96
City:
City of Brunswick
Corner Property:
No
  • Troy Gerspacher, CCIM, SIOR

    Troy Gerspacher
    Real Estate Broker & President
    Troy@GerspacherGroup.com
    Office: 
    330.722.5002
    Mobile: 
    216.470.4545
    Fax: 
    330.723.6330

    Troy Gerspacher, President of Gerspacher Real Estate Group is a 3rd generation real estate broker & investor in commercial real estate. He began in sales over 20 years ago with Aerotek, a global staffing company. In 1998 he helped start a commercial skilled trades division for the Cleveland and Akron markets. Over a 7 year period he established over 100 new clients for the company with a payroll of over 200 contract employees with 30 different companies by 2003. 

    In 2004  he began as a real estate agent mentoring his uncle James Gerspacher till 2007. In 2007 Troy become President, Broker and  owner of the Gerspacher Real Estate Group. Since his ownership he has grown the company from a company of 4 to 10 employees and agents.   He along with his team have been integral in growing the listings from  75 to over 150 listing totaling over $150 million in real estate inventory.  In that time he has completed nearly 500 sale and lease transactions. In 2012 he earned the elite  CCIM designation for investment commercial brokers (Certified Commercial Investment Member) and recently in 2017 he earned the SIOR Designation (Society of Office & Industrial Realtors.) Only 3000 practioniaires in the world have earned this highly honored designation. In addition he has invested, re-developed, owns and manages multiple commercial office, retail and apartments buildings.  

    He lives in Medina, married to Heather with 3 children, Gavin, Marin and Aylin.

    Licenses/Designations

    • Ohio Licensed Real Estate Managing Broker
    • Certified Commercial Investment Member - CCIM
    • Society of Office & Industrial Realtors-SIOR
    • National Association of Realtors-Affiliate Member

    Education

    • Bachelor of Arts, Baldwin Wallace University, Berea OH
    • Member - CCIM

    Affiliations

    • Medina County Economic Development Corp. Board Member
    • Medina County Board of Realtors Commercial Committee
    • Leadership Medina County Graduate
    • Northern Medina County Chamber of Commerce
    • Greater Medina Chamber of Commerce
    • Wadsworth Area Chamber of Commerce
    • Greater Akron Chamber of Commerce
    • Previous St. Matthews Church Personnel Committee Chair 
    • Previous Phi Kappa Tau Fraternity, Past Social Chair, Vice President, President
    • Previous PKT Board of Governors

    Awards

    • Crain’s Cleveland Business “Forty Under 40 for 2013”
    • 2014 Cleveland Marathon Finisher
    http://www.linkedin.com/pub/troy-gerspacher-ccim/7/462/756
    https://twitter.com/TGerspacher