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Point West Office Portfolio 2 Office Properties Offered at $7,549,802 CAD in Multiple Locations
Investment Highlights
- Diversified Medical and Professional Tenants
- Strategically Positioned along I-75 and I-70 53,000 VPD
- Significant Vacancy Upside for New Owners
- Low Price Per Square Foot Sale
Executive Summary
Point West Office Portfolio is a two building multi-tenant professional office portfolio totaling 131,172 sqft. The office buildings were built in 1985 and have been extremely well maintained and updated over the years. The properties are currently sitting at a combine occupancy of 74%, with Point West II being 87% and Point West III being 59%. The properties are occupied by a strong diverse mix of local and regional professional tenants with high value-add potential for a new owner.
Point West Office Portfolio is located in the South-Central Dayton Submarket, just 10 minutes from downtown Dayton, in Moraine, Ohio. The subject property is situated .5 miles off I-75 N as well as 9 miles from I-70 – an extremely populated commercial highway that gets approximately 53,000 VPD. With a current population of 746,000 in the Dayton Metro area, the Point West Office Portfolio is provided as one of the only communities serving Class B Medical/Professional office assets in the relative area.
- Diversified Medical and Professional Tenants
- Significant Vacancy Upside for New Owners
- Strategically Positioned along I-75 and I-70 53,000 VPD
- Low Price Per Square Foot Sale
Point West Office Portfolio is one of the rare office parks in the area that couples immediate access to downtown Dayton with abundant parking and attractive landscaping surrounding the buildings. The subject properties sits on over 8 acres and features over 489 surface parking spaces between the two buildings. The northern elevation of the buildings also features high visibility looking over Dorothy Ln, which also provides ease of access to both offices and the restaurants that surround them.
With a 5.6% market vacancy and proof of concept in Point West II, the subject properties provide a rare opportunity for an investor to capitalize on acquisition with strong cash flow upside potential with vacancy and replaceable, below market rents.
Point West Office Portfolio is located in the South-Central Dayton Submarket, just 10 minutes from downtown Dayton, in Moraine, Ohio. The subject property is situated .5 miles off I-75 N as well as 9 miles from I-70 – an extremely populated commercial highway that gets approximately 53,000 VPD. With a current population of 746,000 in the Dayton Metro area, the Point West Office Portfolio is provided as one of the only communities serving Class B Medical/Professional office assets in the relative area.
- Diversified Medical and Professional Tenants
- Significant Vacancy Upside for New Owners
- Strategically Positioned along I-75 and I-70 53,000 VPD
- Low Price Per Square Foot Sale
Point West Office Portfolio is one of the rare office parks in the area that couples immediate access to downtown Dayton with abundant parking and attractive landscaping surrounding the buildings. The subject properties sits on over 8 acres and features over 489 surface parking spaces between the two buildings. The northern elevation of the buildings also features high visibility looking over Dorothy Ln, which also provides ease of access to both offices and the restaurants that surround them.
With a 5.6% market vacancy and proof of concept in Point West II, the subject properties provide a rare opportunity for an investor to capitalize on acquisition with strong cash flow upside potential with vacancy and replaceable, below market rents.
Property Facts
| Price | $7,549,802 CAD | Number of Properties | 2 |
| Price / SF | $57.82 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.70% | Total Building Size | 130,583 SF |
| Sale Type | Investment | Total Land Area | 8.12 AC |
| Status | Active |
| Price | $7,549,802 CAD |
| Price / SF | $57.82 CAD / SF |
| Cap Rate | 7.70% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 130,583 SF |
| Total Land Area | 8.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Point West 2
3033 Kettering Blvd, Kettering, OH 45439 |
Office | 44,437 SF | 1985 | - |
|
Point West 3
3055 Kettering Blvd, Moraine, OH 45439 |
Office | 86,146 SF | 1986 | - |
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