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Marcus & Millichap Arranges $5.9 Million Sale Of Cumberland Crossing Shopping Center In Monticello Kentucky

Property Image
SOLD
$5,900,000
Eric Abbott
Zachary (Zach) Taylor

Kentucky

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Retail
Sold 07/29/2025
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Arranges $5.9 Million Sale Of Cumberland Crossing Shopping Center In Monticello Kentucky

133 Cumberland Crossing & 255 Cumberland Crossing

See Similar Deals
Retail
Sold 07/29/2025
Eric Abbott
Zachary (Zach) Taylor
the dealplayerscompscontact
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Summary

KENTUCKY
Asset Type:Retail
Transaction Type:Sale

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

Zachary (Zach) Taylor
Marcus & Millichap
Zachary Taylor
42 deals$355.9M volume(678) 808-2780
BROKER
Eric Abbott
Marcus & Millichap
Eric Abbott
30 deals$169.6M volume(678) 808-2746
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 07/29/2025 ADDRESS: 133-255 Cumberland Crossing MARKET: Monticello, KY ASSET TYPE: Retail BROKERS: Zachary Taylor & Eric Abbott - Marcus & Millichap SALE PRICE: $5,900,000 NOTE: Marcus & Millichap arranged the $5.9 million sale of Cumberland Crossing, a 94,366-square-foot shopping center in Monticello that was 86% leased to national retailers.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12