JUST SOLD | Cumberland Square Shopping Center | $2,330,000 | 9.8% Cap Rate | Crossville, Tennessee
Kyle Hartung and Jeff Sabo of Goodman Investment Group recently brokered the sale of Cumberland Square Shopping Center located in Crossville, Tennessee. The property sold for $2,330,000, which is 99% of the listing price. The sale price represents a 9.8% cap rate. The asset was sold to a private owner who was sourced by Goodman Investment Group in the first few weeks of marketing. Located in a regional trade area, in addition to featuring Big Lots as the anchor tenant, the property is shadow anchored by Rural King.
Please inquire directly with Kyle or Jeff for information regarding other net-leased assets for sale. Goodman Investment Group provides national investment brokerage and advisory services and is a division of Goodman Real Estate Services Group LLC. Kyle Hartung is the Director of Investment Sales and can be reached at 216-381-8200, Ext. 205, and looks forward to discussing any investment sales needs, whether you are interested in selling, acquiring, or evaluating the current position of your property.