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Current Inventory

Trumbull Plaza

2587 Parkman Rd NW, Warren, OH, 44485
  • Agent(s):
    Kyle Hartung
  • Name:
    Trumbull Plaza
  • Address:
    2587 Parkman Rd NW, Warren, OH, 44485
  • Available Spaces:
    180,488 SF
  • Lot Sizes:
    18.52 Acres
  • Option:
    For sale
  • Category:
    Investment Sales

» Full Offering Memorandum

Details

For sale to qualified investors is the fee simple interest in Trumbull Plaza, a 180,488 square foot shopping center located in Warren, Ohio. The asset presents a rare market opportunity with extreme value-add potential. The property is currently 24% occupied and offered at only $21.60 per square foot. Grocery anchored by regional grocer Sparkle Market (18 stores) since 1989, the shopping center features Dollar Tree, Little Caesar’s Pizza, and Metro PCS. Vacancies include a 94,114 square foot former Kmart, an outlot opportunity, and various-sized inline spaces. Projections to 82% occupancy show over $3.4 million of potential value creation. The property is situated amongst a dense population base with nearby access to the Warren Outer Belt (Route 82). Nearby national tenants include Aldi, CVS, McDonald’s, PNC Bank, Autozone, O’Reilly, Dollar General, Rite Aid, and others.

Location

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