9227 Centre Pointe Dr, West Chester, OH 45069

Institutional Property Advisors, a division of Marcus and Millichap, is pleased to offer the opportunity to acquire a +/- 135,936 SF four-story office building (“Asset” or “Property”) that is 100% leased by AK Steel Corporation (“Tenant” or “AK Steel”) located in West Chester (Cincinnati MSA), OH. The Asset has served as AK Steel’s headquarters since its build-to-suit construction in 2007.

AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, including electrical power, and distributors and converters markets. The company also provides customer solutions with carbon and stainless-steel tubing products, hot- and cold-stamped components, and die design and tooling. Headquartered at the Asset in West Chester, Ohio (Greater Cincinnati), the company has approximately 9,300 employees at manufacturing operations in the United States, Canada and Mexico, and facilities in Western Europe.

In March 2020, Cleveland-Cliffs (“Cleveland-Cliffs” or “Cliffs”) acquired AK Steel (including AK Steel International), vertically integrating its legacy iron ore business with quality-focused steel production and emphasis on the automotive end market. AK Steel became a direct, wholly owned subsidiary following the acquisition, retaining its branding and corporate identity. Cleveland-Cliffs continued to be listed on the NYSE with its headquarters in Cleveland, while maintaining a significant presence at AK Steel’s current offices in West Chester, Ohio along with its Research and Innovation Center in Middletown, Ohio. In 2020, Cleveland-Cliffs also acquired ArcelorMittal USA, vertically integrating AK Steel’s legacy iron ore business with quality-focused steel production and emphasis on the automotive end market.

Cleveland-Cliffs is the largest flat-rolled steel producer and largest supplier of steel to the automotive industry in North America. Founded in 1847 as a mine operator, Cleveland-Cliffs is also the largest producer of iron ore pellets in North America. Cleveland-Cliffs employs more than 25,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada.