About This Property
Kyle Hartung of Goodman Real Estate Services Group LLC recently brokered the $2,557,000 sale of the Chase Bank located at 4600 Dressler Road in Canton, Ohio. The property was under contract in a matter of weeks and closed to an all-cash private investor based in Northeast Ohio. Hartung exclusively represented the seller of the property.
The property is a high-deposit Chase Bank branch, which had recently negotiated a five-year lease extension at a 20% increase over their previous rental amount, showing their profitability and future dedication to this branch location. In terms of total deposits as reported by the FDIC, this is the #3 branch out of 125 in the Canton area. This location originally opened in 1988 as Bank One, which merged with JP Morgan Chase & Co. in 2004. This branch has been fully operational for the past 25 years and presented the opportunity for an investor to acquire a top credit-backed lease with a strong operating history, significantly high deposits, and a clear commitment to the future of the branch.
Goodman Real Estate Services Group is a commercial real estate brokerage company specializing in marketing or acquiring real estate for its clients. Kyle Hartung is the Director of Investment Sales and can be reached at 216.381.8200, Ext. 205 and looks forward to discussing any investment sales needs, whether you are interested in selling, acquiring, or evaluating the current position of your property.