SITE Centers Acquires Two Retail Buildings Near Cincinnati For $11.2 Million

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.