Central Ohio Retail Development
CAP Rate: 7.25%
Square Feet: 22000
Tenancy Type: Regional
Lease Type: NNN
Address: Central Ohio
The Cooper Commercial Investment Group is pleased to announce the sale of a developed two-building retail asset consisting of approximately 22,000 S.F. The development is well-positioned at hard corner location in the growing suburban community, just outside of Central Ohio. The property also includes a pad site for possible future development.
Dan Cooper of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller on the transaction, a private investment group out of Ohio. The private investment buyer, found directly by the Cooper Group and has worked with the Cooper Group on multiple transactions, offered full price on the property on the second day of marketing the property for sale. The asset sold for $4,525,000, representing a 7.25% CAP Rate