Shopping Strip
Westgate Shopping Center
5144 College Corner Pike, Oxford, OH 45056
Listing Price: $1,979,000
Cap Rate
8.00%
Gross SF
45,582
Rentable SF
45,582
Price/Gross SF
$43.42
Lot Size
7.06 acres
Year Built
2006
Investment Overview
Value Add Opportunity in College Town - 75% Occupied Shopping Center with Additional Land
Westgate Shopping Center
Investment Highlights
- 75% Occupied Shopping Center Priced at$43/SF–FarBelow Replacement Cost
- Multiple Paths to Upside - 11,444SF Vacancy (25.14%GLA) Across 4 Suites + Vacant Land Development + Taking Rent to Market + Converting Gross Leases to NNN + Appeal Current Tax Value
- Located Next to Miami University–19,000+Student Enrollment; 2nd Oldest University in OH; 2,100 Acre Campus; Employs 3,700+
Listing Price: $1,979,000
Cap Rate
8.00%
Gross SF
45,582
Rentable SF
45,582
Price/Gross SF
$43.42
Lot Size
7.06 acres
Year Built
2006
Investment Highlights
- 75% Occupied Shopping Center Priced at$43/SF–FarBelow Replacement Cost
- Multiple Paths to Upside - 11,444SF Vacancy (25.14%GLA) Across 4 Suites + Vacant Land Development + Taking Rent to Market + Converting Gross Leases to NNN + Appeal Current Tax Value
- Located Next to Miami University–19,000+Student Enrollment; 2nd Oldest University in OH; 2,100 Acre Campus; Employs 3,700+
Investment Overview
Value Add Opportunity in College Town - 75% Occupied Shopping Center with Additional Land
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