Marcus & Millichap Sells Fully Leased Retail Center In Milford Ohio For $2.6M
932 Ohio Highway 28
$2,600,000
Building Size
—
Asset Type
Retail
Closing
May 29, 2025
AI
The property involved in this transaction is a retail center, located at 922 & 932 State Route 28, Milford, OH. The asset features a fully leased setup with eight tenants, contributing to its operational stability and market value. The sale price for this transaction was $2,600,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 922 & 932 State Route 28
- Market: Milford, OH
- Tenant Mix: Includes Papa John’s and CheckSmart
- Brokers: Ashley Riegert, Scott Wiles, Craig Fuller & Erin Patton - Marcus & Millichap
- Buyer: Undisclosed
The transaction was facilitated by Marcus & Millichap, who arranged the sale. The team of Ashley Riegert, Erin Patton, Scott Wiles, and Craig Fuller represented the local seller in this deal.
Players
Milford 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93