Rivertown Center
Property Type: Retail | Property Status: Sold
Property Details
Price: $7,200,000
CAP Rate:
Square Feet:
Tenancy Type: Mixed
Lease Type: NNN
Location Info
Address: 3845 Rivertown Parkway SW
City: Grandville
State: MI
Zip: 49418
Property Description
Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the Rivertown Center, a 60,876 square foot multi-tenant center located in Grandville, Michigan. 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 out of Ohio, whom Dan has worked with on multiple transactions in the past. The Illinois buyer was also found directly by The Cooper Commercial Investment Group within the first two weeks of marketing the property for sale. The center went into contract at an 8.9% CAP Rate, sold for $7,200,000, which was 92% of list price.
Details