Prudent Growth Partners Acquires Eastgate Shopping Center In Batavia For $3.3M

Prudent Growth Partners acquired Eastgate Shopping Center, a 20,520-square-foot retail property located at 948 Old State Route 74 in Cincinnati, OH, for $3.3 million. The asset was 94% leased at the time of closing and is home to tenants such as State Farm, Farmers Insurance, Merry Maids, and Avis Budget Group, all under long-term triple-net leases.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,300,000
• Square Footage: 20,520
• Price per Square Foot: $161
• Market: Cincinnati, OH
• Buyer: Prudent Growth Partners

This transaction illustrates the ongoing interest in retail properties with established tenants, highlighting Prudent Growth Partners' strategic investment approach in the retail market segment. The presence of long-term leases contributes to the stability of the investment.