Quaker Square

Property Type: | Property Status: Sold

Quaker Square

Property Details

Price: $3,175,000

CAP Rate:

Square Feet:

Tenancy Type: Mixed

Lease Type: NNN

Location Info

Address: 2789 East State Street

City: Salem

State: OH

Zip: 44460

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of Quaker Square, a two-building 95% occupied retail asset comprised of 20,055 S.F, shadow anchored by Walmart Supercenter and across the street from The Home Depot. Quaker Square is comprised of a nice balance of nationally recognized names as well as local tenants with a strong customer base and long-term track record at the property. Some of the more well-known tenants include: Verizon, Berkshire Hathaway, Maurices, UPS, and the US Armed Forces.

Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investment group based in the Midwest. The private investment buyer, purchased the property for $3,175,000, representing an 8.49% CAP Rate and nearly 97% of the list price. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit them on line at www.CooperGrp.com for the most up-to-date listings and information, stay connected by, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.