FedEx Office Anchored Gunbarrel Road Center

Property Type: | Property Status: Sold

FedEx Office Anchored Gunbarrel Road Center

Property Details

Price: $1,940,000

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 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%.