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2651 Highland Ave 6,000 SF 100% Leased Office Building Cincinnati, OH 45219 $750,000 ($125/SF) 9.60% Cap Rate
INVESTMENT HIGHLIGHTS
- 10 year lease
- Strong Operator
- Day Care in this location for 20 years
EXECUTIVE SUMMARY
10 years of Weighted Average Lease Term with rent bumps stabilizing over 10.5%. Long established Daycare in this property. Great Location near UC and Hospitals.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1966
Price
$750,000
Price Per SF
$125
Cap Rate
9.60%
NOI
$72,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,700 SF
Slab To Slab
10’
Building FAR
0.36
Lot Size
0.38 AC
Zoning
OG-T - Designed to preserve the historic character of certain areas/allowing for some modern development that are compatible with the historic environment.
Parking
24 Spaces (4 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 092-0001-0060 | Improvements Assessment | $91,819 |
| Land Assessment | $46,001 | Total Assessment | $137,820 |
PROPERTY TAXES
Parcel Number
092-0001-0060
Land Assessment
$46,001
Improvements Assessment
$91,819
Total Assessment
$137,820
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2651 Highland Ave
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