MIAMISBURG, OHIO — Oberer Cos. has completed the sale of the 81,438-square-foot Home Center shopping center located on SR 725 in Washington Township near Miamisburg. The price was not disclosed. Oberer had owned the 81,438-square-foot property since 1995 when it bought the property at auction. The combination of falling market capitalization rates and strong investor demand led the partnership owners to conclude that the timing was right to cash in on the long held asset. The retail center contains stores such as Hauer Music, Bargo’s Grill & Tap, Pour Haus and Creative Images. Hutchins Commercial Realty represented the undisclosed buyer in the transaction. Oberer Realty Services and Marcus Millichap represented the undisclosed seller in the transaction.
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