Retail i Ohio

Cleveland's Cooper Commercial closes sale of auto parts store

The Cooper Commercial Investment Group closed the sale of an Advanced Auto Parts in the Midwest region. Dan Cooper, president and broker of the Cleveland-based company, represented the seller, a private investment group based in the Midwest.

The buyer is a private out-of-state group. Cooper Commercial found the buyer on the first day of marketing the property.

The sale on this investment property was for $1.225 million, representing a CAP rate of 7.34 percent and more than $177 a square foot.