FOR SALE - SYCAMORE OFFICE PARK - LoopNet...PRESENTED BY: Robert Merkt D 513.387.0045...

PRESENTED BY:Robert MerktD [email protected]

Xiaojie ZavonD [email protected]

9900 200 CARVER ROAD, CINCINNATI, OH 45242 $990,000

FOR SALE - SYCAMORE OFFICE PARK

10123 Alliance Road, Suite 300 Cincinnati, OH 45242 513.272.6800 lee-cincinnati.com

The information listed herein has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.

SECTION 1 | PROPERTY INFORMATION

SECTION 2 | LOCATION INFORMATION

SECTION 3 | DEMOGRAPHICS

TABLE OF CONTENTS

All information furnished regarding property for sale, rental or Lnancing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted toerrors, omissions, change of price, rental or other conditions prior to sale, lease or Lnancing or withdrawal without notice.No liability of any kind is to be imposed on the broker herein.

Robert [email protected] 513.387.0045

Xiaojie [email protected] 513.766.9200

10123 Alliance Road, Suite 300 Cincinnati, OH 45242 513.272.6800 lee-cincinnati.com 3

All materials and information received or derived from Lee & Associates Cincinnati its directors, oMcers, agents, advisors, aMliates and/or anythird party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability or suitability, Lnancial performance of theproperty, projected Lnancial performance of the property for any party’s intended use or any and all other matters.

Neither Lee & Associates Cincinnati its directors, oMcers, agents, advisors, or aMliates makes any representation or warranty, express orimplied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from anysource, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence todetermine these and other matters of signiLcance to such party. Lee & Associates Cincinnati will not investigate or verify any such matters orconduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All Lnancial data should beveriLed by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. Lee & Associates Cincinnati makes no warranties and/or representations regarding the veracity, completeness, or relevance ofany Lnancial data or assumptions. Lee & Associates Cincinnati does not serve as a Lnancial advisor to any party regarding any proposedtransaction. All data and assumptions regarding Lnancial performance, including that used for Lnancial modeling purposes, may diNer fromactual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean thatrents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well asmarket conditions,vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certiLed publicaccountant or tax attorney. Title questions should be discussed by the party with a title oMcer or attorney. Questions regarding the condition ofthe property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriateengineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Lee & AssociatesCincinnati in compliance with all applicable fair housing and equal opportunity laws.

This is not intended to be an appraisal of the market value of the property, if an appraisal is desired, the services of a licensed or certiLedappraiser should be obtained. This report is not intended to meet the uniform standards of professional appraisal practice.

SYCAMORE OFFICE PARK9900 200 Carver Road, Cincinnati, OH 45242

OFFICE FOR SALE/LEASE

PROPERTY INFORMATION

SECTION 1


All information furnished regarding property for sale, rental or Lnancing is from sources deemed reliable, but no warranty or representation is made to the accuracythereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or Lnancing or withdrawal without notice.No liability of any kind is to be imposed on the broker herein.




OFFERING SUMMARY

SALE PRICE: $990,000

LOT SIZE: 1.23 Acres

YEAR BUILT: 1979



Property can be acquired for owner/user and collect rent to oNset personal useor for investment in the Blue Ash Sub Market

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Upscale Finishes

• Men & Women's Restrooms on Each Floor

• ON Street Parking

• Park Like Setting

• Located close to upscale population centers and large employers

• Recent Upgrades and Repairs

• Professional Management





PROPERTY DESCRIPTIONProperty can be acquired for owner/user and collect rent tooNset personal use or for investment in the Blue Ash Sub Market

LOCATION DESCRIPTIONProperty Faces Reed Hartman Highway and on corner ofMalsbary and Carver Road and Reed Hartman Hwy

SITE DESCRIPTIONSuburban Park like

EXTERIOR DESCRIPTIONBrick Veneer, Membrane Roof

INTERIOR DESCRIPTIONGood quality attractive Lnishes.

PARKING DESCRIPTIONON street on asphalt

UTILITIES DESCRIPTIONElectric, city water/Sewer

CONSTRUCTION DESCRIPTIONAttractive brick veneer

LOAN DESCRIPTIONNone

PLUMBING DESCRIPTIONCopper & PVC



LOCATION INFORMATION

Building Name Sycamore OMce Park

Street Address 9900 200 Carver Road

City, State, Zip Cincinnati, OH 45242

County Hamilton

Market Cincinnati North

Sub-market Blue Ash

Cross-Streets Malsbary Road

Township Blue Ash

Side Of The Street West

Signal Intersection Yes

Road Type Paved

Market Type Medium

Nearest Highway Reed Hartman

Nearest Airport Greater Cincinnati NorthernKentucky International

BUILDING INFORMATION

Building Class B

Occupancy % 87.0%

Tenancy Multiple

Ceiling Height 10 ft

Minimum Ceiling Height 9 ft

Number Of Floors 2

Average Floor Size 6,149 SF

Year Built 1979

Year Last Renovated 2019

Gross Leasable Area 11,211 SF

Load Factor 1.1

Construction Status Existing

Framing Masonary Block and Steel

Condition Good

Roof Membrane

Free Standing Yes

Number Of Buildings 1

Walls Drywall

Ceilings Accostical Tile

Floor Coverings Carpet and Tile

Corridors Carpeted

Foundation Poured

Exterior Walls Brick

Mezzanine Open

PROPERTY HIGHLIGHTS• Upscale Finishes

• Men & Women's Restrooms on Each Floor

• ON Street Parking

• Park Like Setting

• Located close to upscale population centers and largeemployers

• Recent Upgrades and Repairs

• Professional Management












OFFICE FOR LEASE SUITE 200 $18 PSF NET LEASE

LOCATION INFORMATION

SECTION 2






Cincinnati, OH








OFFICE FOR LEASE SUITE 102 $14 PSF NET LEASE

DEMOGRAPHICS

SECTION 3






POPULATION 1 MILE 3 MILES 5 MILES

Total population 5,474 62,309 151,599

Median age 42.3 42.0 41.9

Median age (Male) 42.7 40.0 39.8

Median age (Female) 42.4 44.1 43.7

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 2,234 25,993 63,289

# of persons per HH 2.5 2.4 2.4

Average HH income $103,063 $84,665 $84,531

Average house value $359,418 $207,835 $247,649

* Demographic data derived from 2010 US Census



10123 Alliance Road Cincinnati, OH 45242 513.272.6800 https://lee-cincinnati.com

FOR SALE - SYCAMORE OFFICE PARK - LoopNet...PRESENTED BY: Robert Merkt D 513.387.0045...

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