Village Green Shopping Center

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the grocery anchored, Village Green Shopping Center located in Cleveland, Ohio. Dan Cooper, President and Broker of the Cooper Commercial Investment Group, along with Kyle Hartung, Director of Investment Sales with Goodman Real Estate Services Group LLC, had the privilege to represent the seller, a private investment group out of Cleveland, Ohio, while the buyer was a private investment group out of Florida. The property was sold for $2,090,000, representing 90% of the list price and a 9.89% CAP Rate.

Details
The 46,301 S.F. retail center is 95% occupied and located along Euclid Avenue near the main intersection of Euclid Avenue and Green Road. The sale also included a buildable outparcel that could be developed to accommodate a small retailer creating even more value to the property. The Save-a-Lot anchored center provides the new investor with a stable, well-tenanted grocery anchored center in a densely populated community. 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.