Bluewater Capital Partners acquired the former Gospel Press building that had been converted to multi-family and ancillary retail uses in a joint venture with M. Panzica Development and Grammar Properties for renovation.

Location: Tremont, Cleveland

Type: Multi-family with ancillary retail

Total SF: 132,000

Total Units: 102

Project Vintage: 2020

Project Cost: $20,575,000

Investment Exit: Active

Cash on Cash Yield:

8%