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Chicago & Midwest  + Midwest  + Office  |  September 13, 2024
Jasmine Kilman
By: Jasmine Kilman

Marcus & Millichap Closes Sale of Net-Leased Charles Schwab in Ohio

Marcus & Millichap completed the sale of a net-leased Charles Schwab location in Westlake, Ohio. The property sold for $4.2 million, equating to $584 per square foot on the building’s 7,187 square feet of rentable space. 

Scott Wiles, Craig Fuller and Erin Patton, senior managing directors in Marcus & Millichap’s Cleveland and Columbus offices, had the exclusive listing to market the property on behalf of the seller, a Cleveland-based family office. Michael Glass, Broker of Record in Ohio, assisted in closing the transaction. 

“Marcus & Millichap’s national marketing reach was especially of value in sourcing a California-based 1031 purchaser,” said Wiles. “The transaction seamlessly closed after a short due diligence period.” Built in 2020, the building sits on a 1.43-acre parcel and features premium exterior finishes of stone, porcelain and glass.  

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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