Toledo, Ohio – The center is 100 percent occupied with all triple net leases in place.
Dan Cooper, president and broker of the Cooper Commercial Investment Group, represented the seller, Toledo Plaza X LLC, in the sale of the Shoppes at Glendale. Toledo, Ohio – Cooper Commercial Investment Group has arranged the sale of the Shoppes at Glendale, a 10,500-square-foot retail center built in 2005, for $1.8 million with a cap rate of 7.8 percent. The Shoppes at Glendale is 100 percent occupied with all triple net leases in place. The center is shadow-anchored by a Walmart Supercenter. Dan Cooper, president and broker of the Cooper Commercial Investment Group represented the seller, Toledo Plaza X LLC, a private investment group out of Ohio, while the buyer, Parkwood Plaza Inc., is a private investor out of Connecticut.
— Scott Reid