DAYTON, OH—Cohen Real Estate, a Manhattan-based commercial real estate services, has begun marketing a 100%-occupied power center in the Dayton submarket. The Beavercreek Shopping Center, a 280,000-square-foot retail property in suburban Beavercreek, has several anchor tenants including national retailers Toys “R” Us/Babies 'R' US, Michael's, PetSmart, LA Fitness and Gabriel's, sits across from the 1.1 million-square-foot Mall of Fairfield Commons, a retail center anchored by JCPenney, Sears, Lazarus, Parisian's and Elder-Beerman.
“Between the location, the tenants and the demographics, Beavercreek is a perfect opportunity for an investor looking for a fully-occupied, income-producing asset with strong sales volume and very little maintenance,” says Helen Putterman, the president of Cohen. She will spearhead the marketing initiative for the sale.
First built in 1995 and redeveloped since, Beavercreek sits on a 30-arce site with exposure on the heavily-traveled intersection of North Fairfield and Kemp Road. It also includes a 1,225-space parking lot. Approximately 120,000 residents live within 5 miles of the center and an estimated 36,000 vehicles pass by on Fairfield. Known as one of the main retail hubs in the Dayton area, the neighborhood has several national retailers such as Bed, Bath & Beyond, Old Navy, Barnes & Noble, Office Max and Men's Warehouse.
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