Investment Overview

Marcus & Millichap is pleased to offer qualified investors the opportunity to acquire Deerfield Station, an 88% occupied medical office building located in Mason OH (Cincinnati MSA). The offering provides investors top-tier tenancy and strong stabilized yield at a significant discount to replacement cost. Built in 2006, the Property features a modern aesthetic and has been home to Mercy Health since 2010. Mercy Health occupies 70% of the center and recently executed a 5-year renewal. Mercy Health operates a Family Medicine clinic, as well as a sports medicine and an orthopaedic center. Mercy Health is one of the largest Catholic Health Systems in the U.S. with more than $9 Billion in operating Revenue and a team of 2,400 physicians across 44 hospitals and 700+ outpatients clinics throughout the Midwest. The Property features strong recent leasing activity including Spa Medicca, who just executed a brand new 7-year lease. They operate as a full-service medical spa with treatments including Botox, Microneedling, Laser Hair Removal, Coolsculpting, HALO, injectables, and much more. Additionally, the Neuro Recovery Institute of Ohio is in the process of executing a brand new 10-year lease for a neurological rehabilitation center at the Property with annual 3% rent bumps. This choice location has been strategically selected, offering immediate accessibility to Socialville-Foster road, and quick and convenient access to all of Cincinnati via I-71. The Property is poised to continue upward trajectory for investors seeking stability, calculable returns, and upside supported by a diverse well-heeled tenant roster. The Property is offered free and clear of debt at an 8.00% cap rate totaling $4,128,000.