Investment Overview

Marcus & Millichap is pleased to present to market available for sale the Northgate Square – a two-building, value-add 39,709 square foot, multi-tenant office / retail office building located on the northwest side of Cincinnati, OH in Colerain Township. Northgate Square is comprised of 9600 Colerain Avenue –a four-story, 31,138 square foot building with retail and some offices on the first floor and office space on the upper levels – and 9620 Colerain Avenue –a two-story, 8,571 square foot building with retail on the first floor on office spaces on the second floor. The Subject Property is situated in the incredibly dense trade area called Northgate as it is the northern gateway into Cincinnati along Interstate 275 and is immediately surrounded by restaurants, retail, and other amenities up and down Colerain Avenue. Market: Northgate Square is located in the Cincinnati Metropolitan Statistical Area. The Cincinnati MSA, often referred as the Greater Cincinnati Tri-State Area, is the 5th Largest Midwest MSA and 29th Largest in the Country, with a reported 2.26M residents in the 2020 census, up approximately 12.32% from 2010. Northgate Square is situated in the northwest side of Cincinnati along Colerain Avenue –which connects the northwestern suburbs into downtown Cincinnati – less than one mile south of the interchange with Interstate 275 which circles the City and connects to Interstates 74, 75, and 71. The Subject Property is situated on the east side of Colerain Avenue directly across for the Northgate Mall and specifically facing –and connected via walking bridge over Colerain Avenue –to Longhorn Steakhouse, Panda Express, Ulta, Marshalls, DSW, and Michaels. Property Features: Northgate Square is comprised of 9600 Colerain Avenue –a three-story, 31,138 square foot building with retail and some offices on the first floor and office space on the upper levels – and 9620 Colerain Avenue –a two-story, 8,571 square foot building with retail on the first floor on office spaces on the second floor. The buildings have been extremely well maintained with renovations and improvements made consistently over the past few years including updated common areas, rest rooms, exterior facades, etc…. The first floors provide direct entries to retail tenant spaces as well as main entrances for the rest of the tenants, and the buildings are situated in a shared parking lot with single-tenant outlots housing Panera Bread and IHOP as well as a retail strip center housing tenants such as Eyemart, GameStop, Honeybaked Ham, and Five Guys for the Property.