Luttner Real Estate Investment Services recently closed the sale of a 14,519-square-foot retail building leased to National Tire & Battery in Mayfield Heights, Ohio.
National Tire & Battery has 21 years remaining on a 25-year lease.
The property sold for $2.85 million, which represents a 7 percent capitalization rate.
Mark Luttner represented the buyer in this transaction. The sale represents Luttner Real Estate’s 21st closing in 2012.