The Christ Hospital Outpatient / Ft. Wright Center Medical Office Center
1975 Dixie Highway
Ft. Wright, KY
CBRE, Inc. has been retained as the exclusive marketing representative for the sale of the Fort Wright Center located at 1975 Dixie Highway, Ft. Wright, KY in the Northern Kentucky submarket of Cincinnati. The multi-tenant medical/office property totals 117,494 square feet of which 70,700 square feet are leased to The Christ Hospital. The property is currently 68% occupied, with the remaining 40,623 square feet of unleased space representing significant upside for a new owner.
THE INVESTMENT CASE
Ft. Wright Center offers an investor immediate access to in-place cash flow with a strong anchor tenant (The Christ Hospital – A3 Moody’s). In addition, the opportunity exists to achieve significant upside by leasing up the currently vacant space totaling 40,623 square feet. A new owner will be ideally positioned to benefit from increasing leasing momentum upon completion of the properties two-phase redevelopment plan.
Pricing Info:
Price: Unpriced
In-Place NOI: $928,339
Property Size: 117,494
Occupancy: 68%
Avg. Remaining Lease Term: 7.7 Years
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