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Office Warehouse

Flex Industrial Warehouse

1101 2nd Ave, Dayton, KY 41074

Listing Price: $1,285,000

Cap Rate
7.82%
Gross SF
25,790
Price/Gross SF
$49.83
Lot Size
10.37 acres
Year Built
1970
Rentable SF
25,790

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Flex Industrial Warehouse located at 1101 2nd Avenue, Dayton, KY 41074. The building consists of 25,790-square feet of building space and is situated on approximately 1.56 acres. The Flex Industrial Warehouse
is currently 100% occupied with four tenants. Each tenant is operating under a modified gross lease with a weighted average lease term of 3.02 years. The total annual rent for all four tenants is $139,200.

The subject property is located in Dayton, Kentucky, a community located directly across the Ohio River from Downtown Cincinnati. A walkable community, Dayton offers a diversity of housing and businesses for all. Dayton, Kentucky is in Campbell County, one of the fifteen
counties in the Cincinnati Metropolitan Statistical Area. The subject property is surrounded by strong demographics as there are over: 281,000+ residents, 125,100+ households, and an average household income of $75,900+ within a 5-mile radius.

Investment Highlights

  • 100% Occupied Flex Industrial Warehouse | Strong Leasing Activity
  • $250,000+ of Renovations and Improvements Completed in 2016
  • Within 1-Mile to Manhattan Harbour | Over $500M Invested within 159 Acres
  • Within 5-Minutes to Downtown Cincinnati and Interstates 71 & 75
  • Cincinnati MSA is Home to Thirteen-(13) Fortune 500 Companies
  • Cincinnati MSA | 281,000+ Residents | 125,100+ Households | $75,600+ AHHI

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

Office Warehouse

Flex Industrial Warehouse

Listing Price: $1,285,000

Cap Rate
7.82%
Gross SF
25,790
Price/Gross SF
$49.83
Lot Size
10.37 acres
Year Built
1970
Rentable SF
25,790

Investment Highlights

  • 100% Occupied Flex Industrial Warehouse | Strong Leasing Activity
  • $250,000+ of Renovations and Improvements Completed in 2016
  • Within 1-Mile to Manhattan Harbour | Over $500M Invested within 159 Acres
  • Within 5-Minutes to Downtown Cincinnati and Interstates 71 & 75
  • Cincinnati MSA is Home to Thirteen-(13) Fortune 500 Companies
  • Cincinnati MSA | 281,000+ Residents | 125,100+ Households | $75,600+ AHHI

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Flex Industrial Warehouse located at 1101 2nd Avenue, Dayton, KY 41074. The building consists of 25,790-square feet of building space and is situated on approximately 1.56 acres. The Flex Industrial Warehouse
is currently 100% occupied with four tenants. Each tenant is operating under a modified gross lease with a weighted average lease term of 3.02 years. The total annual rent for all four tenants is $139,200.

The subject property is located in Dayton, Kentucky, a community located directly across the Ohio River from Downtown Cincinnati. A walkable community, Dayton offers a diversity of housing and businesses for all. Dayton, Kentucky is in Campbell County, one of the fifteen
counties in the Cincinnati Metropolitan Statistical Area. The subject property is surrounded by strong demographics as there are over: 281,000+ residents, 125,100+ households, and an average household income of $75,900+ within a 5-mile radius.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

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