Listed by CBRE - Cincinnati
$3,250,000
1211 Cox Ave
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 24,587
Tenancy Single
Brand/Tenant ABX Air, Inc.
Lease Type NNN
Lease Expiration 05/30/2028
Rent Bumps Yes
Lease Options One (1) - Five (5) Year option to renew through 5/31/2033 at greater of FMV and the last years rent, with 180 days prior written notice by 11/30/2027
Price per SqFt $132
Year Renovated 2023
Buildings 1
Acreage 2.600
Zoning I-1 Light Industrial
Investment Type Net Lease
Lease Commencement 10/31/2022
Ceiling Height 14'-17'
Loading Docks 1
Dock High Doors 2
Industrial | 24,587 SqFt
Marketing description
24,587 SF Leased through May 31, 2028 to ABX Air | Asking Price: $3,250,000 ($132/SF)
Investment highlights
- Free-standing single tenant building
- Prominent location at corner of Cox and Turfway near the CVG Airport, DHL Express Hub, Amazon Air Hub
- Immediate access to I-75 (1.2 miles) and I-275 (1.5 miles)
- New Roof in 2023 - 20 Year Warranty
- Extra land for future growth
- Heavy power in place (800 amps, 480/277 volt)
- Cell phone tower not included, owned by non-affiliated 3rd party
- ABX Air, Inc.
- Lease commencement on November 1, 2022 at $7.50/sf NNN with 3% annual increases
- Remaining Rental Schedule: 11/1/2025 - 10/31/2026: $8.20/sf NNN; 11/1/2026 - 10/31/2027: $8.44/sf NNN; 11/1/2027 - 5/31/2028: $8.69/sf NNN
- One (1) - Five (5) Year option to renew through 5/31/2033 at greater of FMV and the last years rent, with 180 days prior written notice by 11/30/2027
Listing Contacts
Listed by CBRE - Cincinnati
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
