OFFERS DUE
TUESDAY, MARCH 3, 2015
EASTGATE MEDICAL OFFICE BUILDING
796 Cincinnati-Batavia Pike
Union Township, OH
Investment Highlights
-Credit Tenants – Anchored by Cincinnati Children’s Hospital Medical Center and The Christ Hospital.
-Opportunity for Additional Upside – The property offers immediate access to in-place cash flow with opportunity for additional upside by leasing the currently vacant 4,023 sq. ft.
-Strong Demographics – The Clermont County area is experiencing growth in terms of both population and income and is quickly becoming one of Greater Cincinnati’s most desirable residential areas.
-Desirable Location – Located just north of Eastgate Mall, 796 Cincinnati-Batavia Pike is ideally situated to capitalize on the large numbers of visitors to the mall and supporting retail centers, as well as the sizable population that surrounds the area.
-Proximity to Full-Service Hospitals – The Property is within eight miles of two area hospitals that are ranked among the Top 100 in the United States – Mercy Anderson and Mercy Clermont.
-Abundant Parking – The Property offers abundant nearby parking to accommodate the large number of visitors to the tenant’s facilities (6/1,000 sq. ft.). The high parking ratio combined with a covered drop-off area gives the Eastgate Medical building a competitive advantage in the market place.
-Recent Upgrades – Property has been exceptionally well maintained with a number of recent upgrades including new Energy Rated windows, significant roof replacement and HVAC condensing units.
Investment Summary
Price………………………$3,000,000
In-Place NOI……………$231,002
Cap Rate…………………7.70%
Net Rentable Area……21,553 Sq. Ft.
Occupancy………………82%
Please click here for more information on the Eastgate Medical Office Building.
:: Keith Yearout
Investment Properties
+1 513 369 1334
keith.yearout@cbre.com
:: Jim Vondran
Investment Properties
+1 513 369 1325
jim.vondran@cbre.com
:: Hank Davis
Investment Properties
+1 513 369 1308
hank.davis@cbre.com
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