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1064 State Route 28

12,000 SF 100% Leased Retail Building Milford, OH 45150 $5,958,180 CAD ($497 CAD/SF) 7% Cap Rate

Retail Buildings Ohio Milford 1064 State Route 28, Milford, OH 45150

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
$5,958,180 CAD
Price Per SF
$497 CAD
Cap Rate
7%
NOI
$417,073 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.25 AC
Zoning
429-C
Parking
67 Spaces (5.58 Spaces per 1,000 SF Leased)
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1064 State Route 28, Milford, OH - aerial map view

Nearby Major Retailers

Fifth Third Bank
Huntington National Bank
Starbucks
PNC Bank
Chase Bank
Waffle House
Meijer
O'Charley's
Aldi
Hot Head Burritos

PROPERTY TAXES

Parcel Number 18-25-16D-278 Improvements Assessment $1,010,047 CAD
Land Assessment $271,332 CAD Total Assessment $1,281,379 CAD

PROPERTY TAXES

Parcel Number
18-25-16D-278
Land Assessment
$271,332 CAD
Improvements Assessment
$1,010,047 CAD
Total Assessment
$1,281,379 CAD
(312) 269-0220

Contacts

  • Listing ID: 33459201

  • Date on Market: 2024-10-09

  • Last Updated:

  • Address: 1064 State Route 28, Milford, OH 45150

The Retail Property at 1064 State Route 28, Milford, OH 45150 is currently available for sale. Contact Quantum Real Estate Advisors, Inc for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1064 State Route 28
(312) 269-0220 x

1064 State Route 28

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Chad Firsel

(312) 269-0220

(312) 269-0220

Daniel Waszak

(312) 269-0550

(312) 269-0550

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