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Real estate syndication firm buys Cumberland Crossing shopping center in Monticello, Kentucky

Marcus & Millichap arranges $5.9 million sale of Walmart-shadow anchored retail center
Marcus & Millichap arranged the sale of Cumberland Crossing, a 94,366-square-foot Walmart shadow-anchored shopping center in Monticello, Kentucky, for $5.85 million. (Marcus & Millichap)
Marcus & Millichap arranged the sale of Cumberland Crossing, a 94,366-square-foot Walmart shadow-anchored shopping center in Monticello, Kentucky, for $5.85 million. (Marcus & Millichap)
By Dolly Lebow
CoStar Research
July 30, 2025 | 10:12 AM

Pacific Bay Investments, a real estate investment company incorporated in Miami Beach, Florida, but operating out of California, ventured out from its usual investment focus on mobile home and RV parks and multifamily properties to buy the Cumberland Crossing shopping center in Monticello, Kentucky, from the Fletcher Bright Co.

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