The Cooper Commercial Investment Group closed the sale of Diamond Center, a 10,000-square-foot retail center featuring Dollar General and Subway. The property is locate in Evansville, Indiana, and is 100 percent occupied.
Bob Havasi and Dan Cooper of the Cooper Commercial Investment Group represented the seller, a private investment group in Indiana. The private New Jersey-based buying group, which was found on the first day of marketing the property for sale, purchased it for $1.025 million, representing a 7.31 percent CAP rate and about 96 percent of list price.
