Advance Auto Parts – Parma

Property Type: | Property Status: Sold

Advance Auto Parts

Property Details

Price: $1,380,000

CAP Rate:

Square Feet:

Tenancy Type: National

Lease Type: Absolute NNN

Location Info

Address: 6000 Brookpark Road

City: Parma

State: OH

Zip: 44129

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the Advance Auto Parts store located on Brookpark Road in Cleveland, Ohio. Dan Cooper, President and Broker of Cooper Commercial Investment Group in Cleveland, Ohio had the privilege to represent the owner, a private owner out of Cleveland, Ohio. The buyer was a private group of investors in a 1031 Exchange out of Illinois represented by Brian Parmacek and was found within the first ten days of the property being listed for sale. The property closed within 45 days of contract execution at full price. The sale of the property was for $1,380,000, equal to CAP Rate of 7.30%.