Carnegie Companies is pleased to announce the sale of a 2 tenant medical outparcel building in Berea, OH. This sale follows the 2022 vacant outparcel land sale to Taco Bell and furthers Carnegie’s business plan for the original property acquisition. With this sale, Carnegie has returned over 150% of the original basis via these 2 sales, while still retaining free & clear the 100% occupied shopping center that makes up the majority of the development. This sale also acted as a reverse 1031 (and the 4th exchange property) for Carnegie’s recent acquisition in Branson, MO.
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