Village at Old Trace

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the Village at Old Trace shopping center, a 40,985 S.F., trophy property located just outside of Atlanta in an upscale, high-class suburb. Dan Cooper, President & 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 local Buyer was found on the first day of marketing the property for sale and the property was sold at 98% of the original list price. The property was sold for $8,485,000 representing an 8.16% CAP Rate.

Details
The newer construction (2006) center is 93% occupied with tenants on Triple Net (NNN) Leases. Many of the tenants have been at the center since it was built and have exercised recent renewals and/or expansions, giving great stability to the rent roll. The immediate area boasts a strong residential community with average household incomes of just over $121,755 within a 3-mile radius of the property, making Marietta one of the strongest demographic areas in the Atlanta market and one of the top wealthiest counties in the United States. 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, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.