1906 Gunbarrel Shop
Property Type: Retail | Property Status: Sold
Property Details
Price: $2,225,000
CAP Rate:
Square Feet:
Tenancy Type: Mixed
Lease Type: NNN
Location Info
Address: 1906 Gunbarrel Road
City: Chattanooga
State: TN
Zip: 37421
Property Description
Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of 1906 Gunbarrel Shops, a 100% occupied retail center, anchored by a corporately-backed FedEx Office. The 6,515 SF retail center also included T-Mobile, CPR & Chattanooga Sports Nutrition, all on NNN leases.
Details
Bob Havasi and Dan Cooper of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the Seller, a private investment group out of Illinois. The private Tennessee investors were found within the first week of marketing the property for sale, purchased the property for $2,275,000, representing a 6.90% CAP Rate and was $50,000 above the original asking price. Through marketing efforts, the Cooper Group generated a significant amount of interest in the property and received multiple full-ask offers. 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 by, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.