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2 Tesseneer Dr 71,620 SF Industrial Building Highland Heights, KY 41076 $18,728,044 CAD ($261.49 CAD/SF) 7% Cap Rate
Investment Highlights
- 100% leased to Thermo Fisher Scientific, an investment-grade tenant rated A- by Standard & Poor’s.
- Long-term occupancy history exceeding 20 years, underscoring tenant commitment.
- Nearly 10-acre parcel with extensive lab build-out and modernized infrastructure.
- Located at the intersection of I-275 and I-471 with direct interstate access and excellent regional connectivity.
- Positioned adjacent to Northern Kentucky University, supporting workforce and research synergies.
- Lease includes annual rent increases and a renewal option, ensuring long-term income stability.
Executive Summary
Colliers introduces the sale of a fully leased Thermo Fisher Scientific R&D facility strategically located within the Cincinnati MSA at the intersection of Interstates 275 and 471. This offering represents a rare opportunity to acquire a 100% net-leased investment with approximately six years of remaining lease term, backed by investment-grade credit and a tenant of significant global stature. The property serves as a critical research hub, occupied for over two decades and featuring highly specialized lab and support areas.
Situated on nearly 10 acres, the site benefits from direct interstate visibility and access, ensuring logistical convenience and strong regional connectivity. Its proximity to Northern Kentucky University, with over 15,000 students, further enhances long-term value through a deep talent and innovation pipeline. The tenant—Thermo Fisher Scientific (NASDAQ: TMO)—holds an A- rating from Standard & Poor’s and continues to lead in global life sciences, demonstrating strong financial stability and operational commitment to this location.
With modern infrastructure, TPO roof replacement, and robust mechanical systems updated in recent years, the asset provides both durability and functional integrity. Investors will appreciate contractual annual rent escalations, below-market rents, and renewal options, all contributing to continued income growth and resilient performance.
Situated on nearly 10 acres, the site benefits from direct interstate visibility and access, ensuring logistical convenience and strong regional connectivity. Its proximity to Northern Kentucky University, with over 15,000 students, further enhances long-term value through a deep talent and innovation pipeline. The tenant—Thermo Fisher Scientific (NASDAQ: TMO)—holds an A- rating from Standard & Poor’s and continues to lead in global life sciences, demonstrating strong financial stability and operational commitment to this location.
With modern infrastructure, TPO roof replacement, and robust mechanical systems updated in recent years, the asset provides both durability and functional integrity. Investors will appreciate contractual annual rent escalations, below-market rents, and renewal options, all contributing to continued income growth and resilient performance.
Property Facts
| Price | $18,728,044 CAD | Lot Size | 9.71 AC |
| Price Per SF | $261.49 CAD | Rentable Building Area | 71,620 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 7% | Year Built/Renovated | 1983/2015 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.39/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Price | $18,728,044 CAD |
| Price Per SF | $261.49 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 9.71 AC |
| Rentable Building Area | 71,620 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2015 |
| Tenancy | Single |
| Parking Ratio | 1.39/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
Amenities
- Monument Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 999-99-33-668.01 | Improvements Assessment | $11,748,961 CAD |
| Land Assessment | $965,646 CAD | Total Assessment | $12,714,607 CAD |
Property Taxes
Parcel Number
999-99-33-668.01
Land Assessment
$965,646 CAD
Improvements Assessment
$11,748,961 CAD
Total Assessment
$12,714,607 CAD
Contacts
-
Ken Hedrick -
Andrew Ragsdale -
Jonathan Ameen -
Phillip Butts -
Sal Ramundo -
Colliers
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