{"id":1004292188,"date":"2019-01-17T00:32:04","date_gmt":"2019-01-17T08:32:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004292188"},"modified":"2021-05-15T03:48:28","modified_gmt":"2021-05-15T11:48:28","slug":"srs-real-estate-partners-brokers-ky-retail-center-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/","title":{"rendered":"SRS Real Estate Partners Brokers KY Retail Center Sale"},"content":{"rendered":"<div id=\"attachment_1004292191\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004292191\" data-attachment-id=\"1004292191\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/crestwood-002\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Crestwood (002)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png?w=800\" loading=\"lazy\" class=\"wp-image-1004292191 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png\" alt=\"Crestwood Crossing\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004292191\" class=\"wp-caption-text\">Crestwood Crossing<\/p><\/div>\n<p>SRS Real Estate Partners has facilitated the sale of Crestwood Crossing, a freestanding 19,129-square-foot retail center in Crestwood, Ky. The seller received $3.5 million for the asset from an Ohio-based buyer. The former owner was a local developer.<\/p>\n<p>Located at 6408-6410 W. Highway 146, the 2007-built retail property is near the intersection of highways 329 and 146. Crestwood Crossing is adjacent to a McDonald\u2019s and Advance Auto Parts, increasing consumer traffic to the center. The asset serves roughly 63,000 residents and more than 25,000 employees within a 5-mile radius. The median household income within 1 mile exceeds $119,000. At the time of the sale, Crestwood Crossing was 94 percent occupied, with tenants including a mix of fitness, dental, dining and service-oriented businesses.<\/p>\n<p><em>\u201cInvestors are continuing to seek e-commerce resistant multi-tenant assets where a diverse mix of small shop users can be easily replaced in the event of vacancy. These types of assets have grown in popularity among investors looking for solid fundamentals and lower risk in today&#8217;s constantly <a href=\"https:\/\/www.commercialsearch.com\/news\/a-return-to-fundamentals\/\">changing retail environment<\/a>,\u201d<\/em> said SRS\u2019 National Net Lease Group Senior Associate Chris Edwards, in a prepared statement.<\/p>\n<p>Edwards, along with Managing Principals Matthew Mousavi and Patrick Luther, represented the seller in the transaction. The team garnered an 8.3 percent cap rate for the deal.<\/p>\n<p><em>Image courtesy of SRS Real Estate Partners <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crestwood Crossing, a roughly 19,000-square-foot retail asset in Crestwood, changed hands for $3.5 million. An Ohio-based buyer purchased the asset from a local developer.<\/p>\n","protected":false},"author":238,"featured_media":1004292191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,21742,21749],"tags":[43832,43727,43730,35484],"class_list":["post-1004292188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-latest","category-retail","tag-chris-edwards","tag-matthew-mousavi","tag-patrick-luther","tag-srs-real-estate-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SRS Real Estate Partners Brokers KY Retail Center Sale - 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\/srs-real-estate-partners-brokers-ky-retail-center-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SRS Real Estate Partners Brokers KY Retail Center Sale\" \/>\n<meta property=\"og:description\" content=\"Crestwood Crossing, a roughly 19,000-square-foot retail asset in Crestwood, changed hands for $3.5 million. An Ohio-based buyer purchased the asset from a local developer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-17T08:32:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T11:48:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/\",\"name\":\"SRS Real Estate Partners Brokers KY Retail Center Sale - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png\",\"datePublished\":\"2019-01-17T08:32:04+00:00\",\"dateModified\":\"2021-05-15T11:48:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Crestwood-002.png\",\"width\":800,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-partners-brokers-ky-retail-center-sale\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SRS Real Estate Partners Brokers KY Retail Center Sale\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\",\"name\":\"Laura Valean\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"caption\":\"Laura Valean\"},\"description\":\"Laura Valean is an Executive Editor with Commercial Property Executive and Multi-Housing News. 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