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

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SOLD
$6,800,000

Ohio

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SOLD

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

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

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Summary

OHIO
Asset Type:Other
Transaction Type:Sale

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 "CJ" Jackson
5 deals$37.1M volume
BROKER

BUYER

Details

SOLD
IMAGE: 10400 Reading Rd, Cincinnati, OH, 45... MARKET: Cincinnati SELLER'S REP: Christopher Jackson "CJ" Jackson-Marcus & Millichap BUYER: America’s Realty LLC SELLER: PRICE: $6,800,000.00 SF: 0

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

$362,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63