FedEx Office Anchored Gunbarrel Road Center
Tenancy Type: Mixed
Lease Type: NNN
Address: 1906 Gunbarrel Road
The Cooper Commercial Investment Group is pleased to announce the sale of the FedEx Office anchored center, a 6,515 square foot retail center, optimally located on Gunbarrel Road in Chattanooga, Tennessee. Bob Havasi, Vice-President of Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the owner, a private investor out of Chattanooga, Tennessee, while the buyer was a private investment group out of Chicago, Illinois. The sale of the property was for $1,940,000, which was 99% of the original list price, equal to $297.00 per square foot and a CAP Rate of 7.89%.