Property Type: Retail
Address: 1010-1034 N. Germantown Parkway
Memphis, TN 38018
|CAP Rate: 8.01%|
Square Feet: 18,950
Tenancy Type: Mixed
Lease Type: NNN
The Cooper Commercial Investment Group is pleased to announce the sale of The Shops at Cordova Station, a 18,950 S.F. retail center located in the Cordova neighborhood of Memphis, Tennessee. Bob Havasi and Dan Cooper of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the owner, an East Coast private investment group whom Bob and Dan have worked with on both the buy and sell side on several occasions. The New Hampshire buyer, whom was found within the first 21 days of marketing the property for sale, purchased the property for $3,795,000, representing an 8.01% CAP Rate and approximately 91% 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.