Gary Cooper and Anthony DeMarco of the Cooper multifamily team of Colliers International represented the seller in the sale of The Vista Apartments at 26151 Lake Shore Blvd. in Euclid, Ohio.
“This opportunity wasn’t for the faint-hearted, inexperienced or under-capitalized investor,” said Cooper. “However, after a very competitive marketing and offer process, we selected a buyer with the vision, courage and equity to buy an irreplaceable asset at a fraction of its replacement cost and its potential market value.”
The Vista Apartments, originally known as The Watergate, is a 949-unit waterfront property on Lake Shore Boulevard in Euclid. Built in the early 1970s, the 764,492-square-foot property offers a mix of one-, two- and three-bedroom units as well as penthouses.