For Auction

Value-Add Grocery Anchored/Industrial Center | 83,000 SF | Celina, OH

221 Summit Street,
Celina, OH 45822Represented by
Friedman Real Estate

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Grocery Anchored Center
Retail Subtype
1972
Year Built
2021
Year Renovated
1
Floor Count
1
Building Count
522
Parking Spots
10.41 Acres
Land Area
99%
Occupancy
Occupancy As Of
Yes
Anchor
Chief Supermarket
Anchor Tenant(s)
83,000 SF
Property Size

Offering Summary

Investment Highlights

  • Anchored by a Chief Supermarket (12 locations have served the NW Ohio community for 60+ years)
  • Other tenants include Snap Fitness, Ready Sweat Go Training, McCullough Transportation Services, Remedies Smoke Shop, and China Wok Restaurant
  • In-Place annual NOI in excess of $262,000
  • ±99% current in-place occupancy 
  • ±75% of the roof was replaced in 2021 and features a 20-year warranty  
  • Brand new pylon/monument signage recently installed (new tenant signs on order)
  • Celina is home to multiple global manufacturing facilities including Reynolds and Reynolds, Celina Aluminum (Honda supplier) and Crown Equipment Corporation.
  • ±40,000 people reside within 10-miles of the property with avg annual household incomes >$70,000
  • Celina is strategically located along the I-75 commercial/industrial interstate corridor with direct service to Detroit, Chicago, Pittsburgh, Cincinnati, and Columbus.


The Offering

Friedman Real Estate and RealINSIGHT Marketplace are pleased to offer for sale Chief’s Plaza, a ±83,000 square foot well-maintained grocery anchored retail / industrial center located in Celina, OH (Dayton MSA) (the “Property”).  Chief’s Plaza is currently 99% occupied by Chief Supermarket (12 Ohio locations), Snap Fitness, McCullough Transportation Services (RV outfitter), Remedies Smoke Shop, and China Wok Restaurant. ±75% of the roof is less than 1-year old and features a 20-year transferrable warranty. Celina, OH features limited grocery competition with excellent underlying retail/commercial demographics. ±40,000 people reside within 10-miles of the property with average annual household incomes in excess of $70,000.

Celina, OH is the county seat of Mercer County and is strategically located off of I-75 with direct service to Dayton, Cincinnati, Columbus, Indianapolis, Detroit, and Chicago. Celina’s economy has been heavily focused on farming, agriculture, and oil & natural gas deposits since the early 1900s. In recent years, multiple global manufacturing facilities have opened in and around Celina (due to favorable tax incentives), including Reynolds and Reynolds, Celina Aluminum (Honda supplier) and Crown Equipment Corporation. Overall, Celina is a community filled with a tremendous about of provide, economic development and supportive, friendly people.

 

Due Diligence

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Thomas Seaman
Auctioneer
License: 2007000016

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Closed

This asset was part of the February 24th 2022 auction event, resulting in a successful transaction that closed in just 63 days.
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Financing Available

Investment Sales Brokers

Steven Silverman
Friedman Real Estate
(248) 760-7633steven.silverman@freg.com
Ryan Wilner
Friedman Real Estate
(248) 810-3868ryan.wilner@freg.com
CC
Craig Cohen
Cohen Commercial Group
OH License: REC 2010001213

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.