1064 State Route 28
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1064 State Route 28
12,000 SF 100% Leased Retail Building Milford, OH 45150 £3,282,027 (£274/SF) 7% Net Initial Yield
Investment Highlights
- Stabilized Investment Opportunity; 100% leased multi-tenant retail opportunity with excellent frontage along State Route 28, seeing 41,607+ VPD
- Strong Demographics; Located in a densely populated and affluent area with 75,768+ residents and an average hh income of $134,100 within 5 miles
- High Historical Occupancy; Four of the six current tenants have been operating at this location for 10+ years showing the tenants’ strong commitment
- Shadow Anchored Center; Property is a direct outlot to Meijer and Home Depot, along with being surrounded by multiple other national retail tenants
- Strong Tenant Mix; Complimentary mix of national retailers all signed to landlord-favorable net leases, with additional option periods in place
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,000 SF
Building Class
C
Year Built
2008
Price
£3,282,027
Price Per SF
£274
Net Initial Yield
7%
NOI
£229,742
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.22
Lot Size
1.25 AC
Zoning
429-C
Parking
67 Spaces (5.58 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 18-25-16D-278 | Improvements Assessment | £558,156 |
Land Assessment | £149,939 | Total Assessment | £708,095 |
PROPERTY TAXES
Parcel Number
18-25-16D-278
Land Assessment
£149,939
Improvements Assessment
£558,156
Total Assessment
£708,095
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1064 State Route 28
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