The Cooper Commercial Investment Group closed the sale of the single-tenant Franklin Medical Building in Cleveland.
The Cleveland Clinic recently executed a lease extension at building, giving a full five years of lease term.
Dan Cooper of the Cooper Commercial Investment Group represented the seler, a private investor from Florida. The buyer, from California, was found in the first week of listing the property for sale and purchased the building at the full asking price of $1.775 million, a 6.50% CAP Rate.
