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
Cincinnati Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
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