Cooper Commercial Facilitates Sale of Kyber Run for $2.5 Million

Johnstown, Ohio – The 15,292-square-foot retail center was built in 2010.

Kyber Run in Johnstown, Ohio, was sold for $2.45 million with a 8.7 cap rate.Johnstown, Ohio – Cooper Commercial Investment Group has arranged the sale of Kyber Run, a shopping center shadow-anchored by Kroger, for $2.45 million. Dan Cooper, president and broker of Cooper Commercial Investment Group in Cleveland represented the owners, a private investment group from Columbus, Ohio. The buyers are from New Jersey. The 15,292-square-foot retail center built in 2010 was purchased at an 8.7 percent cap rate, along with two other vacant outparcel pads and future development land, which the buyer also purchased.

 Scott Reid 

 

 

 

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