Corners & Village at The Cascades of Brimfield
Property Type: Retail | Property Status: Sold
Property Details
Price: $15,800,000
CAP Rate:
Square Feet:
Tenancy Type: Mixed
Lease Type: NNN
Location Info
Address: 250 Tallmadge Road
City: Kent
State: OH
Zip: 44240
Property Description
Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of Corners and Village at The Cascades of Brimfield, a Walmart Supercenter, Kohl’s and Lowe’s shadow anchored center located in Brimfield/Kent, Ohio.
Details
The Corners and Village centers include well-known tenants: Marshall’s, PetCo, Panera Bread, Chipotle, Dollar Tree, along with many more. Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investment group out of Ohio. The buyer is a private investment group out of New York who was also found directly by Cooper. They purchased the property for $15,800,000, representing a 7.85% CAP Rate. Through marketing efforts, the Cooper Group generated a significant amount of interest and multiple competitive offers on the center. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation evaluation of your commercial property. Visit them on-line at www.coopergrp.com for the most up-to-date listings and information. Stay connected, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.