Press Releases
Marcus & Millichap Brokers $2.6M Sale of Fully Occupied Retail Property in Milford, Ohio
May 21, 2025
MILFORD, Ohio, May 21, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 922 and 932 State Route 28, an 8-suite retail property in Milford, Ohio for $2.6 million.
“This sale underscores continued investor demand for well-located, internet-resistant retail in strong suburban markets,” said Ashley Riegert, associate. “With 100 percent occupancy by service-based tenants, the property offers stable, management-light income that fits well with private capital targeting durable cash flow. Milford’s steady growth, strong demographics and limited retail turnover make it an appealing long-term hold for yield-focused investors.”
Riegert, Erin Patton, Scott Wiles and Craig Fuller, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a Cincinnati-based ownership group.
The property is fully leased to a mix of national and local tenants, including Papa John’s, CheckSmart and Q-Nail. Situated on 1.37 acres along a high-traffic corridor, it benefits from strong visibility and over 78,000 vehicles per day on I-275 and 49,000 on State Route 28. Nearby retailers include Meijer, Home Depot and Kroger.
“This sale underscores continued investor demand for well-located, internet-resistant retail in strong suburban markets,” said Ashley Riegert, associate. “With 100 percent occupancy by service-based tenants, the property offers stable, management-light income that fits well with private capital targeting durable cash flow. Milford’s steady growth, strong demographics and limited retail turnover make it an appealing long-term hold for yield-focused investors.”
Riegert, Erin Patton, Scott Wiles and Craig Fuller, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a Cincinnati-based ownership group.
The property is fully leased to a mix of national and local tenants, including Papa John’s, CheckSmart and Q-Nail. Situated on 1.37 acres along a high-traffic corridor, it benefits from strong visibility and over 78,000 vehicles per day on I-275 and 49,000 on State Route 28. Nearby retailers include Meijer, Home Depot and Kroger.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
