Log In/Sign Up
Your email has been sent.
Cross Pointe Centre 3 Retail Properties Offered at $28,800,000 in Centerville, OH
Investment Highlights
- Institutional-Quality Asset: All 118 HVAC units were replaced in 2013; outside pole lighting was converted to LED in 2017, awning replaced in 2018.
- Affluent Trade Area: Average household income within five miles exceeds $103,000, with a stable and mature residential base.
- Minimal Landlord Expense Responsibility: Over 90% of tenants are operating under triple-net leases and reimburse for property management expense.
- Strong Rent Roll Stability: The majority of tenants have operated at the center for more than 10 years.
- Roof Warranty In Place: The roof on the entire property was replaced in 2013 and has a 20-year warranty in place.
Executive Summary
The Klink Group of Marcus & Millichap is pleased to present for sale Cross Pointe Centre, a 217K SF shopping center located in Centerville (Dayton MSA), Ohio.
Cross Pointe Centre presents investors with a rare opportunity to acquire a 217,009-square-foot, best-in-class retail center located in the affluent and high-performing Centerville submarket of Dayton, Ohio. Positioned directly off Interstate 675 on more than 25 acres, the property benefits from exceptional regional visibility, strong surrounding demographics, and a proven history of high occupancy and rental stability.
Cross Pointe Centre delivers an attractive, year-1 cap rate backed by consistent long-term tenancy and minimal landlord expense responsibilities. The asset is currently 99% leased to 53 tenants in various retail and service-oriented sectors; and with over 90% of the rent roll operating under triple-net leases, Cross Pointe Centre ensures predictable income, limited expense exposure, NOI growth and inflation protection.
Cross Pointe Centre presents investors with a rare opportunity to acquire a 217,009-square-foot, best-in-class retail center located in the affluent and high-performing Centerville submarket of Dayton, Ohio. Positioned directly off Interstate 675 on more than 25 acres, the property benefits from exceptional regional visibility, strong surrounding demographics, and a proven history of high occupancy and rental stability.
Cross Pointe Centre delivers an attractive, year-1 cap rate backed by consistent long-term tenancy and minimal landlord expense responsibilities. The asset is currently 99% leased to 53 tenants in various retail and service-oriented sectors; and with over 90% of the rent roll operating under triple-net leases, Cross Pointe Centre ensures predictable income, limited expense exposure, NOI growth and inflation protection.
Property Facts
| Price | $28,800,000 | Number of Properties | 3 |
| Price / SF | $127.93 / SF | Individually For Sale | 0 |
| Cap Rate | 8.01% | Total Building Size | 225,126 SF |
| Sale Type | Investment | Total Land Area | 48.81 AC |
| Status | Active |
| Price | $28,800,000 |
| Price / SF | $127.93 / SF |
| Cap Rate | 8.01% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 225,126 SF |
| Total Land Area | 48.81 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 127-191 E Alex Bell Rd, Centerville, OH 45459 | Retail | 145,633 SF | 1987 | - |
|
Cross Pointe Centre
101-126 E Alex Bell Rd, Centerville, OH 45459 |
Retail | 46,164 SF | 1987 | - |
| 175 E Alex Bell Rd, Centerville, OH 45459 | Retail | 33,329 SF | 1986 | - |
1 1
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Cross Pointe Centre
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.