Marcus & Millichap Arranges $5.9 Million Sale Of Cumberland Crossing Shopping Center In Monticello Kentucky
133 Cumberland Crossing & 255 Cumberland Crossing
$5,900,000
Building Size
—
Asset Type
Retail
Closing
Jul 29, 2025
AI
Cumberland Crossing is a retail asset located at 133-255 Cumberland Crossing in Monticello, KY. The property measures 94,366 square feet and was sold for $5,900,000. At the time of sale, it was 86% leased to national retailers, indicating its operational status within the retail market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,900,000
- Address: 133-255 Cumberland Crossing
- Market: Monticello, KY
- Leased Percentage: 86%
- Brokerage Firm: Marcus & Millichap
- Brokers: Zachary Taylor & Eric Abbott
Marcus & Millichap facilitated the transaction of Cumberland Crossing, representing the interests involved in the sale. The deal highlights the activity of experienced brokers Zachary Taylor and Eric Abbott in the retail sector.
Players
Monticello Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93