SITE Centers Acquires Two Retail Buildings Near Cincinnati For $11.2 Million
11301 Montgomery Road
$11,200,000
$694/SF
Building Size
16,138 SF
Asset Type
Retail
Closing
Dec 9, 2025
About this deal
AI
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.
On the Map
$11,200,000
$694/SF
Retail
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Cincinnati Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93