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10400 Reading Rd, Cincinnat...

America’s Realty LLC Acquires Property At 10400 Reading Rd Cincinnati For $6.8M With Broker CJ Jackson
SOLDOther

America’s Realty LLC Acquires Property At 10400 Reading Rd Cincinnati For $6.8M With Broker CJ Jackson

10400 Reading Rd, Cincinnati, OH, 45...

$6,800,000

Building Size

Asset Type

Other

Closing

Nov 19, 2023

AI

The Village Crossings Shopping Center located at 10400 Reading Road in Cincinnati, Ohio, was sold for $6,800,000. This property is Aldi-anchored and spans a total of 89,008 square feet. The shopping center includes various tenants such as CAM International Market, JOANN Fabrics, H&R Block, Breakthrough Fitness, Mala Hot Pot, and Firestone.

Summary of transaction details:

  • Property Type: Shopping Center
  • Transaction Amount: $6,800,000.00
  • Address: 10400 Reading Rd, Cincinnati, OH
  • Market: Cincinnati
  • Buyer: America’s Realty LLC
  • Seller's Representative: Christopher Jackson "CJ" Jackson - Marcus & Millichap

The sale was facilitated by Marcus & Millichap’s Patton Wiles Fuller Group, which included Scott Wiles, CJ Jackson, Erin Patton, and Craig Fuller. The buyer, Maryland-based America’s Realty LLC, is known as a privately held shopping center operator and received 70 percent loan-to-value financing from a credit union.

Players

Christopher Jackson Jackson

Marcus & Millichap

Broker

$37.1M

vol

5 deals

Broker
AL
America's Realty LLCBuyer

Cincinnati Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93