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LA Fitness Anchored Mixed-Use Center

119 Fairfield Avenue, Bellevue, KY 41073

$29,150,000

102,652 SF | Office

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Office Property For Sale

Price:
$29,150,000
Building Size:
102,652 SF
Price/SF:
$283.97
Property Type:
Office
Property Sub-type:
Office-Business Park
Additional Sub-types:
Office Building
Retail (Other)
Specialty Center
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.25%
Occupancy:
94%
No. Stories:
4
Building Class:
B
Tenancy:
Multiple
Year Built:
2008
Lot Size:
142,877 SF
APN / Parcel ID:
999-99-05-982.05
Listing ID
18658451
Last Updated
29 days ago

Find Out More...

Highlights

  • Fitness/College Anchored Mixed-Use Building - LA Fitness & Daymar College
  • 94% Occupied by Strong Tenants
  • Property is Available Free and Clear / Open to New Debt
  • Located on the Ohio River Near Downtown Cincinnati
  • Excellent Street Visibility/frontage / Near the on/off ramp of Interstate 471
  • Strong Tenant Synergy

Description

Listed in Cooperation with KY Licensed Broker...

Faris Lee Investments is pleased to offer for sale the unique opportunity to acquire Harbor Greene (102,652 SF), a 94% occupied, LA Fitness/Daymar College anchored mixed-use building, ideally located along the Ohio River, approximately 1.3 miles from downtown Cincinnati, in Bellevue, Kentucky. 93% of Harbor Greene' s income is generated by strong national/regional tenants, including: LA Fitness (co-anchor), Daymar College (co-anchor), St. Elizabeth' s Medical, Marco' s Pizza, and Ideal Image, which produce an excellent tenant lineup of retail/office that positively complement each other, generating strong cross-over traffic. Additionally, a majority of the tenants are on long-term (10+ year) leases with rental increases throughout their terms, creating security/stability in future rental growth.

Harbor Greene is ideally positioned fronting Fairfield Avenue (approximately 30,000 vehicles per day), near the on/off ramp to Interstate 471 (approximately 145,800 vehicles per day). Additionally, there are approximately 276,000 permanent residents and 263,000 daytime employees within a 5-mile radius of the subject property.

Financial Summary

Major Tenant Information

  • Actual
  • $2,113,356

Map of 119 Fairfield Avenue, Bellevue, KY 41073 (Campbell County)

Research for 119 Fairfield Avenue, Bellevue, KY 41073 (Campbell County)

  • Demographics – Population, income & other demographics near 119 Fairfield Avenue
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  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Contact Listing Broker to find out more details.

Presented by Faris Lee Investments
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Asking Price Index Trends for Bellevue, KY Office For Sale

  Aug 14 vs. 3 mo.
prior
Y-O-Y
-
State
$94-1.2%0.0%
-
Metro
$81-1.1%+6.8%

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

LA Fitness Anchored Mixed-Use Center
  • Office
  • $29,150,000
  • 102,652 SF