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CLE REAL ESTATE GROUP
CRE REAL ESTATE INVESTMENT COMPANY

CAMBRIDGE PLAZA

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Purchased November 2022

​Location - 1657 Mentor Ave, Mentor OH 44077
Key Characteristics
  • Cambridge Plaza Building - Built in 1964
  • 12,000 SF retail/office building
  • Increased occupancy from 36% to 94% 
  • ​Increased rents from $3,400 to $11,300
​​​Scope of Work -  This is an active project with work to be completed by March 2023. The above numbers are projected.

THE GATTO BUILDING

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Purchased July 2022

​​Location - 14250 Industrial Ave South, Maple Heights, Ohio 44077
Key Characteristics 
  • The Gatto Building - Built in 1992
  • 7,600 SF office/warehouse building
  • Increased vacancy from 0% to 100% 
  • ​Increased rents from $0 to $6,200
​​​Scope of Work -  This was a vacant 2-story building with office in the front and warehouse in the back. We updated and modernized the office space and hit 100% occupancy within 3 months of listing.

second empire building

Office Building 113 Main St, Painesville  44077
Purchased October 2021

​Location - 113 Main St, Painesville, Ohio 44077
Key Characteristics 
  • Second Empire Building - Built in 1900
  • 24K SF office/retail building
  • Increased occupancy from 0% to 88%
  • ​Increased rents from $0 to $16,550
​​​Scope of Work -  This was our largest project to date. The building was vacant for more than a decade. All 24K SF needed extensive work but the building is pristine and vibrant one again. Building is currently for lease.

THE LUCAS BUILDING

Building 29280 Euclid Ave,  Wickliffe OH 44092
Purchased April 2021
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​Location
 
- 29280 Euclid Ave, Wickliffe, Ohio 44092
Key Characteristics 
  • The Lucas Building - Built in 1967
  • 17K SF retail/office/restaurant space
  • Improved occupancy from 38% to 92%
  • Increased rents for $6,800 to $14,200.
​​Scope  -  This Lucas Building was have vacant in the lower retail units and 7600 of vacant office space on the second level that needed a full remodel. It took 15 months to rehab the building and increase occupancy to 92%.

EUCLID AVE

28833 Euclid Ave,  Wickliffe OH 44092
Purchased December 2020
Location - 28833 Euclid Ave, Wickliffe, Ohio 44092
Key Characteristics 
  • The Euclid Ave Building - Built in 1969
  • 8,800 SF retail/office space
  • Improved occupancy from 0% to 100%
  • Increased rents from $0 to $8,150
​​Scope of Work -  This 2-story building involved a complete rehab of of the first level office space and a complete build out of the unfinished lower level. It took 11 months after purchase to hit 100% occupancy. 

THE COBB STORM HOUSE

38021 Euclid Ave,  Willoughby OH 44094
Purchased October 2019

​Location - 38021 Euclid Ave, Willoughby, Ohio 44094
Key Characteristics 
  • The Cobb Storm House - Built in 1854 
  • 5,100 SF office budling
  • Improved occupancy from 0% to 100%
  • Increased rents from $0 to $5,420
​​Scope of Work -  This project included complete rehabilitation 5100 sq/ft of historic office space. We reworked the interior to accommodate up to 6 different tenants while giving it historical updates throughout.

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