For Sale: 15 Year Single Tenant Medical Office Opportunity – Investment Grade Credit

Offers Due: Friday, August 16, 2013 by 5:00 PM EST

Investment Highlights

Irreplaceable Location – 9250 Blue Ash Road enjoys an irreplaceable location in one of Cincinnati’s strongest performing office submarkets

Desirable Tenant – Stabilized single-tenant, net leased medical office building 100% leased to The Christ Hospital (Moody’s – Baa1) through December 2028

Strong Cash Flows – Immediate access to strong cash flow with 2% annual increases

Minimal Landlord Responsibilities – Tenant reimburses for capital repairs and replacements

Excellent Demographics – Centrally located among some of the most demographically desirable residential areas in Greater Cincinnati

Ease of Access – Situated adjacent to the Ronald Reagan Cross County Highway, one of Cincinnati’s most heavily traveled east-west thoroughfares, and just west of Interstate 71, the Property offers patients convenient access from all parts of Greater Cincinnati via major interstate highways and thoroughfares

Numerous Amenities – Located within walking distance of Blue Ash’s many amenities, including dining, shopping and banking

Free and Clear of Debt – The Property is being offered free and clear of existing debt, allowing the successful buyer to take advantage of today’s attractive financing options

 

Financial Highlights

Price: Unpriced

In-Place NOI: $147,522

Annual Rent Increases: 2%

Building Size: 9,260 SF

 

More Information

Offering Memorandum

 

Contact Information

Keith Yearout

+1 513 369 1334

keith.yearout@cbre.com

Jim Vondran

+1 513 369 1325

jim.vondran@cbre.com

Hank Davis

+1 513 369 1308

hank.davis@cbre.com

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