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Office

Techwoods Office Centre

10641 & 10653 Techwood Cir, Cincinnati, OH 45242

Listing Price: $3,600,000

Cap Rate
8.35%
Gross SF
32,442
Rentable SF
32,442
Price/Gross SF
$110.97
Lot Size
3.91 acres
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to present for sale the Techwood Office Centre located at 10641 and 10653 Techwood Circle in Cincinnati, Ohio. The two-building office centre contains a 16,242 square-foot office single tenant office building as well as a 16,200 square-foot building that features four suites, with three tenants currently occupying the space. The properties are single story office buildings that feature drive to your door suites. The property should provide a strong in place cash flow with value-add potential in the 10 percent vacancy and approximately $3 below market rents. Anchored by UniFund, a rapidly growing accounts receivable portfolio investment firm who has been in business for over three decades. Over their history, they have been leaders in the receivables management by maximizing profits for their clients by redefining how data is used to stay ahead of the curve. The Tenant mix also includes Blatman Health and Wellness, New Horizons United Training, and a newly executed lease from the State of Ohio, the Auditor of State. Situated in the affluent Blue Ash suburb of the Cincinnati MSA, the Techwood Office Centre sit in a very accessible location within the Techwoods Circle Office Centre. The property sits within close proximity to three major highways and is within a two-hour drive to major markets, Indianapolis, Indiana (119 Miles), Louisville, Kentucky (115 Miles), Lexington, Kentucky (99 Miles), Columbus, Ohio (93 Miles), and Dayton, Ohio (44 Miles).

Investment Highlights

  • Two Class B Office Buildings | 32,442 Combined Square-Feet
  • Strong in place cash flow | Value-Add Potential in Lease up
  • Strong in place cash flow | Value-Add Potential in Lease up
  • Situated in the Blue Ash suburb, 17 Miles North from Downtown Cincinnati |Close Proximity to Major Highways I-75, I-71, and I-275
  • Affluent Neighborhood with Average Household Income Exceeding $125,733 within Three Miles
  • Located in a Dense Office and Industrial Area in the Submarket

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Office

Techwoods Office Centre

Listing Price: $3,600,000

Cap Rate
8.35%
Gross SF
32,442
Rentable SF
32,442
Price/Gross SF
$110.97
Lot Size
3.91 acres
Year Built
1999

Investment Highlights

  • Two Class B Office Buildings | 32,442 Combined Square-Feet
  • Strong in place cash flow | Value-Add Potential in Lease up
  • Strong in place cash flow | Value-Add Potential in Lease up
  • Situated in the Blue Ash suburb, 17 Miles North from Downtown Cincinnati |Close Proximity to Major Highways I-75, I-71, and I-275
  • Affluent Neighborhood with Average Household Income Exceeding $125,733 within Three Miles
  • Located in a Dense Office and Industrial Area in the Submarket

Investment Overview

Marcus & Millichap is pleased to present for sale the Techwood Office Centre located at 10641 and 10653 Techwood Circle in Cincinnati, Ohio. The two-building office centre contains a 16,242 square-foot office single tenant office building as well as a 16,200 square-foot building that features four suites, with three tenants currently occupying the space. The properties are single story office buildings that feature drive to your door suites. The property should provide a strong in place cash flow with value-add potential in the 10 percent vacancy and approximately $3 below market rents. Anchored by UniFund, a rapidly growing accounts receivable portfolio investment firm who has been in business for over three decades. Over their history, they have been leaders in the receivables management by maximizing profits for their clients by redefining how data is used to stay ahead of the curve. The Tenant mix also includes Blatman Health and Wellness, New Horizons United Training, and a newly executed lease from the State of Ohio, the Auditor of State. Situated in the affluent Blue Ash suburb of the Cincinnati MSA, the Techwood Office Centre sit in a very accessible location within the Techwoods Circle Office Centre. The property sits within close proximity to three major highways and is within a two-hour drive to major markets, Indianapolis, Indiana (119 Miles), Louisville, Kentucky (115 Miles), Lexington, Kentucky (99 Miles), Columbus, Ohio (93 Miles), and Dayton, Ohio (44 Miles).

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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