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30088328
30088329

5160-5184 & 5298 Socialville-Foster Road, Mason, OH 45040 For Sale

ST
OH OH SAL.0000343272
CBRE - Cincinnati
WR
OH 2018000453
CBRE - Cincinnati
CV
OH, OH 2008002562
CBRE - Cincinnati
Listed by CBRE - Cincinnati
$8,059,800
134 days on market
Updated 3 days ago

The Dermatology Group Portfolio

Details
APN 1633212005,1633212017
Property Type Office
Sub Type Medical Office
Square Footage 22,718
Cap Rate 6.5%
NOI $523,887
Occupancy 100%
Tenancy Multi
Price per SqFt $355
Broker Co-Op Yes
Year Built 2007 & 2016
Buildings 2
Acreage 5.691
Zoning O/W PUD, Office Warehouse Planned Development, Deerfield Twp

Enhanced Offering of Two Fully Occupied Medical Office Buildings in Cincinnati, OH

Marketing description

As the exclusive advisor to the Owner, CBRE is pleased to offer the fee simple interest in a 22,718 square foot medical complex in the Greater Cincinnati market. This offering is comprised of two medical assets of 10,878 and 11,840 square feet strategically located in Mason, a northern suburb of Cincinnati, Ohio. The assets are 100% leased to two complimentary medical tenants, The Dermatology Group and Focus Health & Wellness. The Dermatology Group has been at this location since construction in 2007 and 2016.

The offering is presented to qualified investors with recent leases that deliver a 10-year WALT (Weighted Average Lease Term). The complex is being offered to the market on a fee-simple basis and unencumbered, enabling the new Owner to secure financing that meets their long-term objectives for the assets.

Investment highlights

Market‑Leading Practice: The Dermatology Group is a premier, long‑established dermatology provider supported by board‑certified clinicians and offering comprehensive medical and aesthetic services.

Flagship Diagnostic Lab: The on‑site dermatopathology laboratory serves as a national Phynet hub equipped with advanced histology and diagnostic technologies.

Recent Leasing Activity: Focus Health and Wellness joined the property in 2023, complementing The Dermatology Group’s long‑term commitment.

Roof Replacement: The 5184 building is scheduled for a full roof replacement in February 2026, including a transferrable 10‑year shingle warranty.

Purpose‑Built Facilities: The buildings were designed to house the practice and its dermatopathology lab, which processes nationwide tissue specimens with on‑site specialist review.

NN Lease & Site Potential: The property features NN leases with tenants covering operating expenses and includes excess land capable of supporting an additional 11,200 SF building or expanded parking.

Listing Contacts

ST
OH OH SAL.0000343272
CBRE - Cincinnati
WR
OH 2018000453
CBRE - Cincinnati
CV
OH, OH 2008002562
CBRE - Cincinnati
Listed by CBRE - Cincinnati

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$523,887.00
$43,657.25/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Steven Timmel
License
OH SAL.0000343272
Brokerage
CBRE
Title
Senior Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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