For Sale
$12,500,000

6283 Tri Ridge BlvdLoveland, OH 45140

Loveland, OH: Net-leased industrial complex, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 160,846-square-foot industrial/flex complex located at 6283 Tri Ridge Blvd, Loveland, Ohio, 45140. The property boasts a 7.69% cap rate and a Net Operating Income (NOI) of $961,032, based on an asking price of $12,500,000. Currently 91.82% occupied, the property features two credit-rated corporate tenants: International Paper and Cold Jet. International Paper, a globally recognized leader in forestry and paper products, holds a seven-year lease, while Cold Jet, a privately-owned company with a long history in Loveland, occupies the space under an eleven-year lease. Both tenants have recently invested over $10 million in facility improvements, including a complete roof replacement and upgrades to parking and loading docks. A new building entry is planned. The 3-story building, constructed in 1995 and extensively renovated in 2022, sits on a 32.239-acre lot. Approximately 13,000 square feet of space is available for lease, presenting significant upside potential. The property is offered fee simple, with lease terms varying by tenant. This is a rare opportunity to acquire a high-quality, net-leased industrial property with strong tenants, significant recent renovations, and substantial vacancy upside in a desirable Ohio location.

Highlights

  • 160,846 SF industrial/flex complex in Loveland, OH, with a 7.69% cap rate and $961,032 NOI.
  • 91.82% occupied, anchored by investment-grade tenant International Paper (7-year lease) and high-growth tenant Cold Jet (11-year lease).
  • Over $10 million in recent tenant improvements, including a new roof and dock upgrades.
  • Approximately 13,000 SF of vacant space offers significant upside potential; potential LOI available.
  • New leases with both tenants; property features a recently renovated 3-story building on a 32.239-acre lot.

Property Details for 6283 Tri Ridge Blvd

Property type
Industrial properties, Flex space
Square Feet
160,846 SF
Year Built/Renovated
1995/2022
Stories
3
Lot Size (sq. ft)
1,404,331 SF

Location Insight

City
Loveland
County
Clermont
State
Ohio
Latitude
39.224545143099
Longitude
-84.28776199647
6283 Tri Ridge Blvd, Loveland, Ohio

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6283 Tri Ridge Blvd
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