Archive: COMMERCIAL REAL ESTATE AUCTION
Conducted: June 30, 2016 12:01 PM EST
Location: Sells Onsite from suite 350
100 Tri-County Parkway
Cincinnati, OH 45246
Highlights:

CLASS B OFFICE BUILDING
LOCATION LOCATION LOCATION
TREMENDOUS PURCHASING OPPORTUNITY

Notes:

About The Property

This double office building with center entrance is well located in the Springdale/Tri-County area in a development with numerous other large office buildings close to I-275 & I-75 and easy access to I-74 & I-71. According to the Hamilton County Auditor the building contains 128,191sf on a 5.435 acre lot, which is mostly improved as parking area. The building was originally constructed in 1978 and consists of 5 stories which include the lower level. It was originally constructed as a life insurance company office building and is serviced by 3 elevators. There is also approximately 168,000sf of striped blacktop parking area. The building is in a zoned GB General Business area.

The Hamilton County Auditor places an assessed value for real estate taxes of $4,977,430 with current annual taxes of $127,334. PID # 5990044001900.

According to Neyer Management, the management company for the property, the building currently is about 25% occupied. In 2014 the property generated gross rental income of $330,470. In 2015 the gross rental income was $310,916.52, and month to date in 2016 is projected the gross rental income is $125,845.90.

The property may require future HVAC work/replacement. According to a representative of Neyer Management, the City of Springdale has indicated the possibility of advancing funds for a new HVAC system and putting the cost on the real estate taxes to be paid off over a number of years. For details please contact the City of Springdale at 513.346.5700.

NAME YOUR PRICE - HIGHEST BID WILL BE PUT ON CONTRACT!

2015 INCOME STATEMENT

RENT ROLL

ZONING

DEMOGRAHICS

TITLE EXAM

FLOOR PLANS

PACE PROGRAM PG 1

PACE PROGRAM PG 2


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