20 Mile Station
Property Type: Retail | Property Status: Sold
Property Details
Price: $2,950,000
CAP Rate:
Square Feet: 22563
Tenancy Type: Mixed
Lease Type: NNN
Location Info
Address: 8944 Columbia Road
City: Loveland
State: OH
Zip: 45140
Property Description
Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale 20 Mile Station, an 88% occupied retail/medical center anchored by DaVita Kidney Care and Cincinnati Dental Services located in the affluent suburban community of Loveland, Ohio. With approximately 70% of the center leased to 2026 and beyond, the tenants have proven their desire and commitment to the building and market.
Details
Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investor out of the Cincinnati area. The Northwest Ohio buyer was found prior to marketing the property for sale and purchased the property for a 7.24% CAP Rate and approximately 97% of the list price. Through marketing efforts, the Cooper Group had a significant amount of interest on the property and generated over 25 competitive offers!!