{"id":1004112549,"date":"2015-02-02T08:55:33","date_gmt":"2015-02-02T16:55:33","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=321889"},"modified":"2020-05-19T03:40:40","modified_gmt":"2020-05-19T11:40:40","slug":"maysville-retail-property-draws-international-bidders-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/maysville-retail-property-draws-international-bidders-2\/","title":{"rendered":"Maysville Retail Property Draws International Bidders"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Maysville-Shopping-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-321890\" title=\"Maysville Shopping Center_001.jpg\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Maysville-Shopping-Center.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a> Demand for retail assets in the Greater Cincinnati area is on the rise as foreign and domestic investors alike compete for properties. As a case in point, an investor from Vancouver paid nearly $900,000 for the Maysville Shopping Center in Maysville, Ky.<\/p>\n<p>The 25,232-square-foot property is located at 1200 Forest Ave. in the heart of Maysville. It was 92% occupied at the time of the sale to such tenants as IGA and Family Dollar.<\/p>\n<p>CBRE Group Inc., which marketed the center, said that the property generated international interest and multiple bids. Maysville Shopping Center traded for $895,000, or $35.47 per square foot; the deal closed on January 15. Hank Davis, Jim Vondran and Keith Yearout of CBRE\u2019s Cincinnati office represented the seller.<\/p>\n<p>According to Marcus &amp; Millichap Real Estate Investment Services Inc., retail is thriving in metropolitan Cincinnati. Spending has increased in the region, thanks to rising employment, household income and consumer confidence, and many retailers have been encouraged to expand their footprints.<\/p>\n<p style=\"text-align: justify;\">Click <a href=\"https:\/\/www.commercialsearch.com\/news\/researchcenter\/research-center-cpe-research\/market-reports\/market-snapshot-retail-thriving-in-cincinnati\/1004111925.html\" ><em>here<\/em><\/a> for more market data on Cincinnati.<\/p>\n<p style=\"text-align: justify;\">Photo credit: <a href=\"https:\/\/www.cbre.us\" rel=\"nofollow\" >CBRE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demand for retail assets in the Greater Cincinnati area is on the rise. And numerous buyers, national and international, are right now rushing to buy both single- and multi-tenant properties in the region. Most recently, a foreign investor has acquired the Maysville Shopping Center in Maysville, Kentucky.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21742],"tags":[],"class_list":["post-1004112549","post","type-post","status-publish","format-standard","hentry","category-cincinnati","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Maysville Retail Property Draws International Bidders - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/maysville-retail-property-draws-international-bidders-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maysville Retail Property Draws International Bidders\" \/>\n<meta property=\"og:description\" content=\"Demand for retail assets in the Greater Cincinnati area is on the rise. And numerous buyers, national and international, are right now rushing to buy both single- and multi-tenant properties in the region. 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