A development plan that provided for the acquisition of multiple parcels on a 1.25-acre site and placed them under one consolidated ownership. Bluewater Capital Partners marketed the site to prospective national drugstores, sold to CVS for $1.9MM, and assisted with securing municipal approvals for the development.
Location: Shaker Heights, Ohio
Type: Retail
Total SF: 14,000
Total Units: N/A
Project Vintage: 2008
Project Cost: $760,000
Investment Exit: 2009
Multiple on Equity:
IRR:
