REDUCED PRICE
Investment Summary
- Price: $2,567,000
- In-Place NOI: $231,002
- Cap Rate: 9.00%
- Net Rentable Area: 21,553 SF
- Occupancy: 82%
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 SF
- 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.
Please click here for more information on the Eastgate Medical Office Building.
Contact Information
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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