Northmarq brokers 1031 exchange of 17,674-sq.-ft. multi-tenant retail center
CINCINATTI (June 18, 2024) — Northmarq’s Cincinnati Commercial Investment Sales team of Patrick Metz, Ryan Roedersheimer and Steven Di Iorio successfully brokered the sale of Lebanon Shopping Center, a 17,674-sq.-ft. retail strip center, at a 7.82% cap rate. Built in 2007 and renovated in 2014, the multi-tenant retail center is shadow anchored by Walmart at 1521 Walmart Drive in Lebanon, Ohio. Northmarq represented the seller.
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