Cooper Commercial Investment Group Facilitates $3.6M Sale Of Taft Church Station In Sparta, TN

The transaction involved a retail asset located at 150 Sam Walton Dr in Sparta, TN. The property consists of 18,700 square feet and was sold for $3,600,000, equating to a price per square foot of $193. At the time of sale, the shopping center was 85% leased, housing tenants such as Fast Pace Health and Verizon, and offered a cap rate of 7.9%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,600,000
• Square Footage: 18,700
• Address: 150 Sam Walton Dr
• Market: Sparta, TN
• Price Per Square Foot: $193
• Cap Rate: 7.9%
• Tenants: Fast Pace Health, Verizon

The deal was facilitated by Dan Cooper of the Cooper Group, representing the parties involved in the transaction. Additionally, the buyer was a Tennessee-based entity, acquiring the shopping center as part of their investment strategy.