We have been seeing investors coming into our communities and while normally on a smaller scale with multi-family or single family home purchases – this is a Commercial Space that has been acquired and may mark the turn for our commercial sector as well.
As reported in the Dayton Business Journal by Kaitlin Schroeder:
“The 98,000-square-foot shopping center at the corner of Main Street and Spring Valley Pike is home to tenants such as Club 51 Fitness, Buffalo Wings & Rings and Dollar General.
The deal marks another Dayton-area retail property gobbled up by investors. The region has seen a slew of similar deals in the past year.”
See full article here: http://www.bizjournals.com/dayton/news/2016/09/07/utah-investor-buys-centerville-retail-center-for-5.html?ana=e_ph_prem&u=Zw53QS6mvpxh09Zq2oqTfw0f965ffe&t=1473432016&j=75726712