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932 Ohio Highway 28

Marcus & Millichap Sells Fully Leased Retail Center In Milford Ohio For $2.6M
SOLDRetail

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

Craig Fuller

Marcus & Millichap

Broker

$174.9M

vol

18 deals

Broker

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