Listed by Coldwell Banker Realty Cincinnati
$5,000,000
Social Security Administration Office Evendale
Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 13,928
Net Rentable (SqFt) 13,928
Cap Rate 7.37%
NOI $368,571
Occupancy 100%
Tenancy Single
Lease Expiration 11/03/2035
Remaining Term 9.3
Rent Bumps Yes
Price per SqFt $359
Year Built 2009
Acreage 2.080
CALL FOR OFFERS FEBRUARY 18TH Compare to 10 Year Treasury at 4.23% for 3.13% margin
Marketing description
The full faith & credit of the US backs this exceptional new 12 year lease. The improvement is designed with clear span construction to the Leeds Gold Environmental Specifications. In the heart of commerce at the intersection of SR-126 at the I-75 Exit south of I-275 near the I-71 to Reed Hartman Ramp, this is an easy access. There is ample parking of 70 spaces, 56 required, on 2.08 acres, improved with a one floor plan, handicap accessible structure. Built 2009*Occupancy 100%*Gross GSA Rents*Ordinary Income $535,910 or $39.84/sf NOI $368,571
Listing Contacts
Listed by Coldwell Banker Realty Cincinnati
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$368,571.00
$30,714.25/mo
Valuation Metrics
0
DSCR
7.37%
Cap Rate
7.37%
ROI
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