Apple Center

Property Type: | Property Status: Sold

Ruler Foods

Property Details

Price: $2,850,000

CAP Rate:

Square Feet:

Tenancy Type: Mixed

Lease Type: NNN

Location Info

Address: 7844 State Route 66

City: Newburgh

State: IN

Zip: 47630

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the grocery anchored, Apple Center located in Newburgh, Indiana. Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the owner, a private investment group out of Atlanta, Georgia, while the buyer was a private investment group out of Brooklyn, New York. The sale was for $2,850,000, representing 90% of the list price and a 9.44% CAP rate.