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Townview Business Center

334-360 Gest Street, Cincinnati, OH 45203

$5,750,000

79,825 SF | Industrial

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Industrial Property For Sale

Price:
$5,750,000
Building Size:
79,825 SF
Price/SF:
$72.03
Property Type:
Industrial
Property Sub-type:
Flex Space
Additional Sub-types:
Office Showroom
Warehouse
Office Building
Property Use Type:
Net Lease Investment with
6 years left on lease
Cap Rate:
10.80%
Occupancy:
74%
No. Stories:
2
Tenancy:
Multiple
Year Built:
1988
Clear Ceiling Height:
20 ft.
Dock-High Doors/Loading:
2
Drive In/Grade-Level Doors:
16
Lot Size:
4.80 AC
APN / Parcel ID:
147000740
Listing ID
18602547
Last Updated
24 days ago

Find Out More...

Utilities

  • Electricity/Power
  • Sprinklers

Highlights

  • 79,825 Total SF on 4.811 acres
  • 90% are National/Regional Credit Tenants With a Good Value Added Upside 74% Occupancy
  • Providing the highest quality space in Queensgate!
  • 20' clear height in warehouse space
  • Drive-in & dock doors
  • Excellent access to I-75 & I-71

Description

Townview Business Center is a 79,825 square foot flex/office project located in the Queensgate area of Cincinnati, Ohio. The project was constructed in 1988 by Carnegie Development. It is currently 74% lease with tenants including Zayo Bandwidth, LLC, ABM, United Courier, Nuvox Communication (Windstream), Neutral Tandem, Medi-Physic (G.E.), Real Property Management Group, AT&T and Prospera Solutions Group. The property consists of 4.811 acres and includes approximately 205 parking spaces. Townview is a two story building with second story walk-up mezzanines where additional office space is located. The warehouse areas have either 4 foot high dock or drive-in doors and man-doors at the service side of the property . Each warehouse has full height over-head garage doors with electric lift openers. Each suite is separately metered with primary service from Duke Energy. Building and tenant monument signage is located at both entrances to the property. Suites are identified by tenant name and individual Gest Street address.

Convenient to Downtown and Central Cincinnati. 15 minutes to Cincinnati/Northern Kentucky International Airport. Excellent access to I-75 & I-71.

Financial Summary

  • Actual
  • $621,000

Map of 334-360 Gest Street, Cincinnati, OH 45203 (Hamilton County)

Research for 334-360 Gest Street, Cincinnati, OH 45203 (Hamilton County)

  • Demographics – Population, income & other demographics near 334-360 Gest Street
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Asking Price Index Trends for Cincinnati, OH Industrial For Sale

  Sep 14 vs. 3 mo.
prior
Y-O-Y
-
State
$31.82-0.6%-0.6%
-
Metro
$33.71+4.0%+2.0%
-
County
$29.04-0.5%-3.7%
-
City
$30.27-1.0%-2.0%

View Cincinnati Market Trends for other property types for sale or lease. Learn more about the chart info.

Townview Business Center
  • Industrial
  • $5,750,000
  • 79,825 SF