Former Bard Building Sells

6091 Heisley Rd. (Mentor, OH), sold on 11/16/2010 for $3,000,000 or $43 per square foot on a 69,000 square foot building. The building was owned by Mentor Bard Properties, which is an entity related to the Osborne's of Mentor. They acquired previously for $2 million. The building was acquired by United States Endoscopy, which is located across the street. Given the features of the building it is an excellent fit for the new buyer. $3 million is below replacement cost but still an excellent price for this property. This sale is yet another sign that the market is recovering.