SRS Real Estate Partners has completed the approximately $11.91 million sale of Airport Square, a 187,252-square-foot shopping center at 5245 and 5325 Airport Highway in Toledo, Ohio.
SRS Capital Markets Jack Cornell, Matthew Mousavi and Patrick Luther as well as Mac Lehrer with Hoty Enterprises represented the seller, Oklahoma City, OK-based Frayer Properties. SRS also represented the buyer, a private investor from Las Vegas. Matt Shane of SF Capital Group procured the debt.
Situated on approximately 23 acres, the property is 99% occupied by a number of tenants including Urban Air Adventure Park, Discount Fashion Warehouse, American Freight, and DaVita Healthcare. Urban Air recently signed a 10-year lease demonstrating its commitment to the center.
The property is situated on the signalized intersection of U.S. Highway 20 and Airport Highway and is just 1.2 miles from Interstate 475.
