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Social Security Administration 10205 Reading Rd 13,928 SF Office Building Cincinnati, OH 45241 $4,800,000 ($344.63/SF) 8.06% Cap Rate

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Investment Highlights

  • 3 Years Firm Remaining After a Recent 12-Year Lease Extension in 2023, SSA has Occupied This Facility Since 2010
  • 2009 Construction was a Build To Suit for SSA | LEED Gold Certification at Completion From the U.S. Green Building Council
  • Situated on Reading Road Which Sees 16,772 Vehicles Per Day | 1.5 Miles From I-75
  • Rental Increases Every 2 Years
  • S&P Rated AA+ Investment Grade Credit Tenant
  • Limited Competition | Nearest SSA is 20 Minutes Away in a Multi-Tenant Facility

Executive Summary

Seller Financing Available | 2009 Construction was a Build To Suit for SSA

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
13,928 SF
Building Class
B
Year Built
2009
Price
$4,800,000
Price Per SF
$344.63
Cap Rate
8.06%
NOI
$386,910
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,928 SF
Building FAR
0.15
Lot Size
2.08 AC
Parking
70 Spaces (5.03 Spaces per 1,000 SF Leased)

Sustainability

LEED Certified
Gold
LEED certification is a globally recognized symbol of sustainability achievement.

Sustainability

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Social Security Administration
  • -
  • -
  • -
  • Full Service
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Social Security Administration - - - Full Service -

Property Taxes

Property Taxes

Parcel Number
611-0020-0408
Land Assessment
$601,738
Improvements Assessment
$660,573
Total Assessment
$1,262,311
  • Listing ID: 38225049

  • Date on Market: 8/26/2024

  • Last Updated:

  • Address: 10205 Reading Rd, Cincinnati, OH 45241

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