Midwest Buyer Acquires Retail Center In Reynoldsburg For $5.4M

The Livingston Avenue Center, a fully occupied 101,621-square-foot shopping center in Reynoldsburg, Ohio, was recently sold for $5,400,000. The property, located at 6300 Livingston Avenue, was acquired by a buyer based in the Midwest at an 8.19 percent cap rate.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $5,400,000
• Market: Reynoldsburg, Ohio
• Square Footage: 101,621
• Price per Square Foot: $53
• Broker: Dan Cooper - Cooper Commercial Investment Group
• Seller: California-based private investment group
• Buyer: Midwest-based entity

Dan Cooper from Cooper Commercial Investment Group represented the seller in the transaction. The buyer, whose location is in the Midwest, seized the opportunity to acquire the shopping center in Reynoldsburg, Ohio. This deal marks a significant transaction in the retail real estate market, showcasing the active involvement of key individuals and entities in property investment.