|
The Cooper Commercial Investment Group is pleased to announce the sale of Burnett Plaza, a multi-tenant retail center located in Springfield, Ohio. Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the Seller, a Midwest investment group with whom he has successfully completed multiple transactions. The property sold for $2,850,000 to another Midwest & West Coast based investment group, representing a 7.17% CAP Rate.
Burnett Plaza encompasses just over 84,300 square feet on an 11.835-acre parcel and is anchored by nationally recognized tenants, including AutoZone, Family Dollar, and Ace Hardware. Family Dollar and AutoZone recently renewed their leases for an additional 5 and 10 years, respectively, reinforcing the strength and stability of the center’s established tenant base. In addition to its existing tenancy, the property offers significant upside in the future through the lease-up of vacant units along with multiple outparcel development opportunities.
The Cooper Group looks forward to working with parties interested in selling and/or acquiring other similar commercial assets and encourages you to contact them for a no obligation evaluation of your commercial property. Visit the Cooper Group's website at coopergrp.com for the most current listings and information, stay connected by liking them on Facebook, following on X (formerly Twitter) @TheCooperGrp, and connecting on LinkedIn.
| 
