Mohr Capital Closes On A $52 Million / 460,000 SF Single Tenant Net Leased Office In Cleveland, OH

News provided by

Jan 09, 2018, 08:17 ET

CLEVELAND, Jan. 9, 2018 /PRNewswire/ -- Mohr Capital, a Dallas based real estate investment firm, has closed on the purchase of an off-market 460,000 square foot Single Tenant Net Leased office building situated on 36 acres in Mayfield Heights, Ohio, a suburb of Cleveland. The building is 100% occupied by Rockwell Automation, Inc on a NNN lease. It serves as the second largest employment center for Rockwell Automation with close to 2000 employees involved in the company's Architecture and Software operating segment. Mohr Capital acquired the property for $52 Million.

Mohr Capital was represented by Rodrigo Godoi, Director of Acquisitions with Mohr Capital. The seller was Normal Rockwell Ohio, LLC. The asset was built in 1995 for Rockwell Automation and is in excellent condition. "We continue to focus our efforts on acquiring high quality assets with high quality credit tenants nationwide and this transaction fits that criteria perfectly. We could not have asked for a better tenant," says Rodrigo Godoi with Mohr Capital.

MOHR CAPITAL is a real estate investment company focused on office and industrial facilities. For two decades Mohr Capital has been acquiring and developing value add properties ranging from $10-$100 million throughout the US. For additional information on Mohr Capital, please visit www.mohrcap.com.

SOURCE Mohr Capital