Press Releases
Marcus & Millichap Brokers $9.9M Sale of Medical Office Property in Cincinnati
July 22, 2026
CINCINNATI, July 22, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 8099 Cornell Road, a 26,107-square-foot medical office building in Cincinnati, Ohio. The property sold for $9.9 million.
“We received strong interest from both private investors and institutional buyers, generating multiple offers within the first two weeks of marketing, allowing us to place the asset under contract quickly and close within 60 days," said Frank Roti, managing director investments. "Investor demand for high-quality medical office properties remains strong, and Cincinnati continues to benefit from sustained growth across both its suburban and urban markets.”
Roti, Thomas Heitzman and Brett Rodgers, investment specialists in Marcus & Millichap’s Chicago Downtown office, in association with Michael Glass, Marcus & Millichap’s Ohio broker of record, had the exclusive listing to market the property on behalf of the seller, a private group of investors, and procured the buyer, a national REIT.
8099 Cornell Road was constructed in 2008 and is situated on approximately 2.36 acres. The property is fully leased to Ortho Alliance MSO LLC / Beacon Orthopedics & Sports Medicine, Ltd. under a double-net lease with approximately five years remaining. Located along Cincinnati's Cornell Road medical corridor, the building offers convenient access to Interstates 71 and 275, State Route 126, and a variety of retail, dining and service amenities. Recent capital improvements include a new roof, HVAC and elevator upgrades, an MRI suite and a physical therapy facility.
“We received strong interest from both private investors and institutional buyers, generating multiple offers within the first two weeks of marketing, allowing us to place the asset under contract quickly and close within 60 days," said Frank Roti, managing director investments. "Investor demand for high-quality medical office properties remains strong, and Cincinnati continues to benefit from sustained growth across both its suburban and urban markets.”
Roti, Thomas Heitzman and Brett Rodgers, investment specialists in Marcus & Millichap’s Chicago Downtown office, in association with Michael Glass, Marcus & Millichap’s Ohio broker of record, had the exclusive listing to market the property on behalf of the seller, a private group of investors, and procured the buyer, a national REIT.
8099 Cornell Road was constructed in 2008 and is situated on approximately 2.36 acres. The property is fully leased to Ortho Alliance MSO LLC / Beacon Orthopedics & Sports Medicine, Ltd. under a double-net lease with approximately five years remaining. Located along Cincinnati's Cornell Road medical corridor, the building offers convenient access to Interstates 71 and 275, State Route 126, and a variety of retail, dining and service amenities. Recent capital improvements include a new roof, HVAC and elevator upgrades, an MRI suite and a physical therapy facility.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
