The Cooper Commercial Investment Group closed the sale of Settlers Crossing, a county seat retail shopping center in Salem, Indiana, built in 2017.
Settlers Crossing is shadow-anchored by Walmart Supercenter and other high-traffic outlots.
Dan Cooper, president and broker of the Cooper Commercial Investment Group, represented the seller, a private investment group in Ohio. The all-cash private investment buyer went from contract to close in nearly 30 days and purchased the property for more than $2.525 million, representing a 9 percent CAP rate.
