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2824 Mack Rd - 2818-2820 3,000 SF Office/Medical Condo Units in Fairfield, OH 45014
Investment Highlights
- 15,000 SF Fully Leased Medical Office Portfolio Going to Auction
- Potential Double-digit Cap Rate Entry
- Built Out Medical Space Significantly Under Replacement Cost
- $146,160 in Annual Gross Rent
- Below Market Lease Rates
Executive Summary
Mack Rd. Condos at 2814-2816, 2818-2820, 2824 Mack Rd., Fairfield, OH 45014 is a rare opportunity to acquire a fully leased, income-producing medical office portfolio in one of Greater Cincinnati’s most established healthcare corridors. Totaling approximately 15,000 SF across five condo units, the property is 100% occupied by two established healthcare tenants and delivers immediate, stable cash flow. This professionally built-out portfolio features staggered lease expirations, below-market rental rates, and a compelling basis well under replacement cost. Tenancy includes Airrosti, backed by a corporate guaranty, and American Pain Consortium, an institutionally backed regional healthcare operator. The asset currently generates $146,160 in annual gross income with estimated NOI of $129,850.98. Positioned just minutes from Mercy Health–Fairfield Hospital and Cincinnati Children’s Fairfield Hospital, the property benefits from a strong medical ecosystem, excellent access to Route 4 and I-275, and dense surrounding residential population. With durable healthcare tenancy, high occupancy, and potential upside through future rent growth, this offering presents an attractive entry point for investors seeking resilient medical office product in a supply-constrained submarket!
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Property Facts
| Total Building Size | 15,000 SF | Typical Floor Size | 7,500 SF |
| Property Type | Office | Year Built | 1990 |
| Property Subtype | Lot Size | 9.72 AC | |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Floors | 2 | ||
| Zoning | B-1 | ||
| Total Building Size | 15,000 SF |
| Property Type | Office |
| Property Subtype | |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 7,500 SF |
| Year Built | 1990 |
| Lot Size | 9.72 AC |
| Parking Ratio | 2/1,000 SF |
| Zoning | B-1 |
Amenities
- Conferencing Facility
- Property Manager on Site
5 Units Available
Unit 2814
| Unit Size | 3,000 SF | Sale Type | Investment |
| Condo Use | Office/Medical |
| Unit Size | 3,000 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment |
Unit 2816
| Unit Size | 3,000 SF | Sale Type | Investment |
| Condo Use | Office/Medical |
| Unit Size | 3,000 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment |
Unit 2818
| Unit Size | 3,000 SF | Sale Type | Investment |
| Condo Use | Office/Medical | APN/Parcel ID | A0700-173-000-067, A0700-173-000-068 |
| Unit Size | 3,000 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| APN/Parcel ID | A0700-173-000-067, A0700-173-000-068 |
Description
Strategically situated along the well-traveled Mack Road corridor, this medical office condo is ideally located in the heart of Fairfield, OH. The property sits just minutes from Mercy Health–Fairfield Hospital and Cincinnati Children's Fairfield. The location has excellent accessibility from major thoroughfares, including Route 4 and I-275, ensuring ease of access for both patients and medical professionals.
The surrounding area features a dense concentration of healthcare-related businesses, pharmacies, and supporting retail amenities, reinforcing the property's long-term positioning within a thriving medical services hub. With strong demographics, robust traffic counts, and nearby residential neighborhoods, 2818-2820 Mack Road offers an outstanding opportunity for investors seeking stable medical tenancy and long-term value in a high-demand submarket.
Sale Notes
Offered at a 9.78% cap rate, this 6,000 SF two-unit medical office condo presents a fully
leased, income-generating investment opportunity in the heart of Fairfield, Ohio.
Strategically located along high-traffic Mack Road near Mercy Health–Fairfield Hospital and Cincinnati Children’s Fairfield, the property benefits from excellent visibility, strong area demographics, and long-term medical tenancy through the end of February 2028.
Ideal for investors seeking stable cash flow in a proven healthcare corridor with minimal near-term rollover risk.
Unit 2820
| Unit Size | 3,000 SF | Sale Type | Investment |
| Condo Use | Office/Medical |
| Unit Size | 3,000 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment |
Unit 2824
| Unit Size | 3,000 SF | Sale Type | Investment |
| Condo Use | Office/Medical |
| Unit Size | 3,000 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment |
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Integrated Pain Solutions |
-
|
November 2019
|
Contacts
-
Gueorgui Chikov -
Michael Bergman -
Kristina Skurow -
Astonish Commercial Real Estate Services
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2824 Mack Rd - 2818-2820
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