Pappas Realty Co... "Commercial Real Estate...Exclusively" in Northeast Ohio since 1957

Tuesday, February 21, 2006

Commercial Sales Update

It has come to our attention that the complex known as "King James Court" or "Rosemary Square Apartments" has been sold. The official sales price via County Records was $7,500,000 for 200-units or $37,500 per unit.

The building at 323 & 325 South Main St, across from Canal Park Stadium sold in Dec 2005 for $650,000. It appears via local news, that the bottom floors will be retail while the upper levels may be offerred as residential condominiums. We'll wait and see.

1221 Leeser St apartments (10-units) sold in 2005 through our office which represented the buyer. Contact Tia Stathopoulos for more details.

2186 15th St. SW sold through our office for $103,000. This property is a 5-unit apartment building.

More updates next month.


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