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1445 Kemper Meadow Dr 22,775 SF Office Building Cincinnati, OH 45240 $2,350,000 ($103.18/SF) 8.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Beautiful campus-like setting
EXECUTIVE SUMMARY
Single tenant office building
Abundant parking,100 spaces
Beautiful campus-like setting
Industrial expansion potential
Situated on 4.59 acres
Built in 1994, renovated in 2005
Beautifully designed & finished (link)
Existing NNN lease until 11-Oct-26
$11.95/SF NNN + $5.92 OpEx
Asking $2,350,000 | 8.5% cap rate
Abundant parking,100 spaces
Beautiful campus-like setting
Industrial expansion potential
Situated on 4.59 acres
Built in 1994, renovated in 2005
Beautifully designed & finished (link)
Existing NNN lease until 11-Oct-26
$11.95/SF NNN + $5.92 OpEx
Asking $2,350,000 | 8.5% cap rate
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
22,775 SF
Building Class
B
Year Built/Renovated
1994/2005
Price
$2,350,000
Price Per SF
$103.18
Cap Rate
8.53%
NOI
$200,400
Tenancy
Single
Building Height
1 Story
Typical Floor Size
22,775 SF
Slab To Slab
9’
Building FAR
0.11
Lot Size
4.59 AC
Zoning
SPA1, Forest Park - Special Planning Area 1
Parking
100 Spaces (4.39 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 591-0019-0023 | Improvements Assessment | $444,378 |
| Land Assessment | $91,662 | Total Assessment | $536,040 |
PROPERTY TAXES
Parcel Number
591-0019-0023
Land Assessment
$91,662
Improvements Assessment
$444,378
Total Assessment
$536,040
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1445 Kemper Meadow Dr
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