Marcus & Millichap is pleased to present Cincinnati Bell in Florence, Kentucky. The subject property is an 11,880 square foot, single tenant industrial building. The property is occupied by Cincinnati Bell, Inc. on a brand-new, 11-year NNN lease. Cincinnati Bell, Inc. is a dominant telephone company in Cincinnati, Ohio, its nearby suburbs, and the Dayton metropolitan areas in the State of Ohio. Cincinnati Bell also has a strong presence in Indiana and Kentucky. Cincinnati Bell is traded on the (NYSE: CBB), and in 2017 the company posted revenues of $1.289B.
Cincinnati Bell sits in the Florence Industrial Park right off of I-75, and the Florence Industrial Park is one of the top performing industrial submarkets in the Cincinnati MSA. The city of Florence is strategically positioned for business and well-attractive residential. Florence is also conveniently located less than fifteen minutes south of Downtown Cincinnati and within fifteen minutes of CVG International Airport/Amazon Global Prime Air Hub.
The Cincinnati MSA benefits from being home to many Fortune 500 corporate Headquarters, such as Kroger, Procter & Gamble, Macys, AK Steel, Fifth Third Bank and a handful of others. Boone county, which is where Florence, Kentucky is located is the fastest growing county in the Cincinnati MSA which is resulting in new development and capital being infused into the local market.
