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SITE Centers Acquires Two Retail Buildings Near Cincinnati For $11.2 Million
SOLD
$11,200,000
Retail16,138 SF
Sold 12/09/2025
SOLD
SITE Centers Acquires Two Retail Buildings Near Cincinnati For $11.2 Million
11301 Montgomery Road
See Similar DealsRetail16,138 SF
Sold 12/09/2025
Summary
OHIO
Asset Type:Retail
Price Per Square Foot:$694
Total Square Footage:16,138 SF
Transaction Type:Sale
The retail asset located at 11301 Montgomery Road in Cincinnati, OH was sold as part of a transaction involving two buildings, one of which houses a Starbucks. The total sale price for the properties reached $11,200,000, with a total square footage of 16,138. The price per square foot was calculated at $694.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,200,000
- Address: 11301 Montgomery Road
- Market: Cincinnati, OH
- Square Footage: 16,138
- Price Per Square Foot: $694
- Buyer: SITE Centers
Site Centers completed this transaction by acquiring these properties, marking their first investment in Ohio, as their portfolio typically consists of larger shopping centers. The assets included individual costs of $6.6 million for one building and $4.6 million for the other.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$597,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,791.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,093.71
Annual Debt Service$637,124.57
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