The Cooper Commercial Investment Group closed the sale of a single-tenant Burger King in Ohio. The building is 3,670 square feet. The tenant recently approached ownership early to execute a new 10-year lease extension.
Dan Cooper, president and broker of the Cooper Commercial Investment Group, represented the seller, a private-investment group from New York. The West Coast buyer purchased the asset on an all-cash basis for full price, and went from contract to close in less than 30 days.
The property sold for $1.25 million, representing a CAP rate of 6 percent.
