2245 Gilbert Avenue
Historic Value-Add Office Anchored by Graeter’s HQ | Cincinnati, OH
Marketing description
The Cable House presents a rare opportunity to acquire a character-rich, value-add office asset in Cincinnati’s rapidly revitalizing Walnut Hills neighborhood. This 55,459 RSF historic building blends irreplaceable architectural charm with modern upgrades and is 73% leased to a diverse, mission-critical tenant base anchored by Graeter’s Ice Cream’s corporate headquarters.
Investors benefit from stable in-place income with significant upside through the lease-up of remaining vacancy and mark-to-market rent growth. Positioned along the highly visible Gilbert Avenue corridor with excellent access to Downtown, the University of Cincinnati, and major employment centers, The Cable House offers a compelling combination of cash flow, flexibility, and long-term appreciation potential.
Investment highlights
Iconic, Differentiated Office Asset – 55,459 RSF historic building with irreplaceable character and modern renovations, offering a compelling alternative to commodity office product
Stable Cash Flow Anchored by Credit Tenancy – 73% leased to a diverse, mission-critical roster anchored by Graeter’s Ice Cream corporate headquarters
Compelling Value-Add Opportunity – ~27% vacancy and below-market rents provide immediate upside through lease-up and mark-to-market growth
Staggered Lease Rollover with Near-Term Upside – WALT extending into the late 2020s with embedded organic growth and leasing optionality
Prime Location in High-Growth Corridor – Prominent Gilbert Avenue frontage within Walnut Hills, one of Cincinnati’s most active and rapidly revitalizing urban submarkets
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