NAI DAUS BROKERS $7 MILLION RETAIL SALE

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OLMSTED FALLS, OHIO — The Luttner Retail Group of NAI Daus has negotiated the approximately $6.98 million disposition of the Mill River Plaza shopping center on behalf of a private merchant developer. Located in Olmsted Falls, the 83,190-square-foot, 98 percent occupied property is anchored by Discount Drug Mart and National City Bank. The approximately 28-year-old center was sold to an undisclosed buyer at an 8 percent cap rate.

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