JB Squared Partners buys 5403 Schaaf Rd in Independence for $1.3 million

A research and development facility at 5403 Schaaf Rd in Independence sold for $1,300,000 on October 29, 2026, according to the Cuyahoga County Fiscal Officer's transfer records. The sale price was 71% above the recorded market value of $761,800, according to the Cuyahoga County Fiscal Officer's records.

The transfer record lists 5403 E Schaaf Limited as the seller and JB Squared Partners LLC as the buyer.

The Cuyahoga County Fiscal Officer's records show 22,675 square feet of building area, a build year of 1960 and a 2.58-acre lot. At that size, the sale price works out to $57 per square foot.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Cuyahoga County?

By our estimate, the seller's two largest charges, not counting prorations, were $5,200 for the real property conveyance fee (state $1 + county permissive $3 per $1,000) and $2,502.50 for the owner's title insurance policy. Who pays what follows Cuyahoga County custom.

How much did the seller net?

By our estimate, the seller netted about $1,275,768. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $1,286,752 at closing. That covers the full price and closing costs.

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