

135 W 38th Street
Industrial Investment | 146,000 SF
Marketing description
135 W 38th Street represents a premier industrial investment opportunity within the Cincinnati MSA. Completed in January of 2024, this 146,000 square foot distribution facility was designed to meet today’s logistics and manufacturing requirements, featuring 32-foot clear heights, a 130-foot deep truck court, ESFR fire suppression, and energy-efficient LED lighting. The building’s modern construction and durable TPO roof—backed by a 15-year warranty—minimize near-term capital exposure for ownership.
PROPERTY DETAILS:
Square Footage: 146,000 SF
Clear Height: 32’
Dock doors: 16 + 16 additional knockouts
Drive-ins: 2 + 1 additional knockout
Year Built: January 2024
Tenants:
PPD Global Central Labs (Thermo Fisher, S&P: A-, Moody’s: A3)
Craftsmen By Design
GoGo Meds
Investment highlights
Tax Abatement: 75% real estate tax abatement (IRB)
3 tenants
2026 NOI: $1,195,000 ($8.18)
Annual Escalations: AVG. 3.0%
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