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Office

Point West Office Portfolio

3033 Kettering Blvd, Moraine, OH 45439

Listing Price: $5,510,000

Cap Rate
10.47%
Gross SF
130,583
Rentable SF
130,583
Price/Gross SF
$42.20
Lot Size
8.12 acres
Year Built
1985

Investment Overview

Point West Office Portfolio is a two building multi-tenant professional office portfolio totaling 131,172 sqft. The office buildings were built in 1985 and have been extremely well maintained and updated over the years. The properties are currently sitting at a combine occupancy of 74%, with Point West II being 87% and Point West III being 59%. The properties are occupied by a strong diverse mix of local and regional professional tenants with high value-add potential for a new owner.

Point West Office Portfolio is located in the South-Central Dayton Submarket, just 10 minutes from downtown Dayton, in Moraine, Ohio. The subject property is situated .5 miles off I-75 N as well as 9 miles from I-70 – an extremely populated commercial highway that gets approximately 53,000 VPD. With a current population of 746,000 in the Dayton Metro area, the Point West Office Portfolio is provided as one of the only communities serving Class B Medical/Professional office assets in the relative area.

Point West Office Portfolio is one of the rare office parks in the area that couples immediate access to downtown Dayton with abundant parking and attractive landscaping surrounding the buildings. The subject properties sits on over 8 acres and features over 489 surface parking spaces between the two buildings. The northern elevation of the buildings also features high visibility looking over Dorothy Ln, which also provides ease of access to both offices and the restaurants that surround them.

With a 5.6% market vacancy and proof of concept in Point West II, the subject properties provide a rare opportunity for an investor to capitalize on acquisition with strong cash flow upside potential with vacancy and replaceable, below market rents.

Investment Highlights

  • Diversified Medical and Professional Tenants
  • Significant Vacancy Upside for New Owners
  • Strategically Positioned along I-75 and I-70 53,000 VPD
  • Low Price Per Square Foot Sale

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Executive Managing Director, Chief Revenue Officer- Mid-West Division

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Office

Point West Office Portfolio

Listing Price: $5,510,000

Cap Rate
10.47%
Gross SF
130,583
Rentable SF
130,583
Price/Gross SF
$42.20
Lot Size
8.12 acres
Year Built
1985

Investment Highlights

  • Diversified Medical and Professional Tenants
  • Significant Vacancy Upside for New Owners
  • Strategically Positioned along I-75 and I-70 53,000 VPD
  • Low Price Per Square Foot Sale

Investment Overview

Point West Office Portfolio is a two building multi-tenant professional office portfolio totaling 131,172 sqft. The office buildings were built in 1985 and have been extremely well maintained and updated over the years. The properties are currently sitting at a combine occupancy of 74%, with Point West II being 87% and Point West III being 59%. The properties are occupied by a strong diverse mix of local and regional professional tenants with high value-add potential for a new owner. Point West Office Portfolio is located in the South-Central Dayton Submarket, just 10 minutes from downtown Dayton, in Moraine, Ohio. The subject property is situated .5 miles off I-75 N as well as 9 miles from I-70 – an extremely populated commercial highway that gets approximately 53,000 VPD. With a current population of 746,000 in the Dayton Metro area, the Point West Office Portfolio is provided as one of the only communities serving Class B Medical/Professional office assets in the relative area. Point West Office Portfolio is one of the rare office parks in the area that couples immediate access to downtown Dayton with abundant parking and attractive landscaping surrounding the buildings. The subject properties sits on over 8 acres and features over 489 surface parking spaces between the two buildings. The northern elevation of the buildings also features high visibility looking over Dorothy Ln, which also provides ease of access to both offices and the restaurants that surround them. With a 5.6% market vacancy and proof of concept in Point West II, the subject properties provide a rare opportunity for an investor to capitalize on acquisition with strong cash flow upside potential with vacancy and replaceable, below market rents.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Executive Managing Director, Chief Revenue Officer- Mid-West Division

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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