The Forum Shopping Center I & II

Listing was updated at: 05/03/2020
Property Overview
Price/Rent PSF $ 14,066,065.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 161,573
Date Available 04/23/2020
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Parking 533
Floors 1
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The Gilbert Group is pleased to present a fantastic opportunity to own 100% fee simple interest in The Forum Shopping Center I & II, a multi-tenant retail center located in Marion, Ohio. The subject property is a 161,573 square foot power center located on the south side of Marion-Mt. Gilead Rd., just west of the intersection with State Route 23. Marion-Mt. Gilead Rd. (State Route 95) is the main retail corridor servicing Marion, Ohio. The shopping center is currently 90% occupied, with national co-tenants including Big Lots!, Harbor Freight Tools, Buffalo Wild Wings, Panera Bread, Popeye's Louisiana Chicken, Verizon and Goodwill. The center offers upside by way of increasing occupancy and raising below market rents. This is a rare opportunity to acquire a stabilized power center priced below replacement cost.

Retail for Lease