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1 N Commerce Park Dr 25,000 SF 97% Leased Office Building Lockland, OH 45215 $2,135,595 CAD ($85.42 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Near various retailers such as Wendy's and Marathon Gas
Executive Summary
Directly across the street from GE Aerospace which employs over 7,000. Federal Opportunity Zone, HUBZone.
Access Egress 1-75 Exit 13, 800 feet.
Most tenants on short to month-to-month lease terms, adding additional contiguous space available.
Access Egress 1-75 Exit 13, 800 feet.
Most tenants on short to month-to-month lease terms, adding additional contiguous space available.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
25,000 SF
Building Class
B
Year Built
2000
Price
$2,135,595 CAD
Price Per SF
$85.42 CAD
Cap Rate
6.50%
NOI
$138,814 CAD
Percent Leased
97%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
6,250 SF
Slab To Slab
9’
Building FAR
0.57
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
office - Highway Commercial, Office at Exit 13, I-75; 800 lf east of Exit 13
Parking
40 Spaces (1.6 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 641-0012-0081 | Improvements Assessment | $369,793 CAD |
| Land Assessment | $79,151 CAD | Total Assessment | $448,943 CAD |
Property Taxes
Parcel Number
641-0012-0081
Land Assessment
$79,151 CAD
Improvements Assessment
$369,793 CAD
Total Assessment
$448,943 CAD
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1 N Commerce Park Dr
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