2612 Gilbert Ave Cincinnati, OH 45206
100% Occupied, 8.5% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $2,700,000 asking price for a stabilized mixed-use investment property.
- 22,000 square feet, 100% occupied, with two corporate-guaranteed tenants.
- 8.5% cap rate, generating $230,724 in net operating income (NOI).
- Located in Cincinnati, OH, at 2612 Gilbert Ave, on a 1.03-acre lot with 15 parking spaces.
- Features a single, one-story, 1970-built building renovated in 2017, with a Commercial zoning permit.
- NNN leases with 5-year terms, including a 16% rent bump every 5 years, and 2 years remaining on current leases.
Property Details for 2612 Gilbert Ave
- Property type
- Retail properties, Office properties
- Square Feet
- 22,000 SF
- Class
- B
- Year Built/Renovated
- 1970/2017
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 44,867 SF
Location Insight
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Latitude
- 39.1279024
- Longitude
- -84.4887099
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - 100% Occupied, 8.5% Cap Rate
- Where is the retail property located?
- The property is located at 2612 Gilbert Ave Cincinnati, OH.
- What is the asking price?
- The asking price for this property is $2,700,000.
- What are key features of this property?
- This property features: $2,700,000 asking price for a stabilized mixed-use investment property.; 22,000 square feet, 100% occupied, with two corporate-guaranteed tenants.; 8.5% cap rate, generating $230,724 in net operating income (NOI).
- How can I contact the broker?
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