For Sale
$4,200,000

3260 Bend Rd Cincinnati, OH 45239

Prime Cincinnati Medical/Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional three-building office portfolio in Cincinnati, Ohio, presents a compelling investment opportunity. The property comprises 4,320 square feet across three buildings, situated on a 2.315-acre lot zoned for office use (447). The portfolio includes a two-unit building at 100% occupancy, a 23-unit building also at 100% occupancy, and a 31-unit building currently at 68% occupancy, totaling 56 tenants under NNN leases. The larger buildings feature elevators, and the entire complex benefits from ample parking. Conveniently located just blocks from I-74, this property enjoys proximity to major retailers including Kroger, Sam's Club, Family Dollar, Petco, and Walgreens. Recent updates have been completed in several units. The property is only 36 minutes from Cincinnati/Northern Kentucky International Airport (CVG). Detailed financials are available upon execution of a non-disclosure agreement. This portfolio offers a potential 9%-10% capitalization rate upon full occupancy, making it an attractive addition to any investment strategy. The asking price is $4,200,000, and the property is offered as a 1031 exchange opportunity.

Highlights

  • Three-building portfolio: 2-unit, 23-unit, and 31-unit buildings (68% occupied overall).
  • Elevators in the 23-unit and 31-unit buildings.
  • Excellent I-74 access.
  • Strong retail synergy with nearby Kroger, Sam's Club, Family Dollar, Petco, and Walgreens.
  • Recent unit renovations.
  • Abundant parking.

Property Details for 3260 Bend Rd

Property type
Office properties, Medical offices
Square Feet
4,320 SF
Buildings
3
Lot Size (sq. ft)
100,841 SF

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1903628
Longitude
-84.5917615

FAQs

What type of property is this?
Office property - Prime Cincinnati Medical/Office Complex
Where is the office property located?
The property is located at 3260 Bend Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Three-building portfolio: 2-unit, 23-unit, and 31-unit buildings (68% occupied overall).; Elevators in the 23-unit and 31-unit buildings.; Excellent I-74 access.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3260 Bend Rd
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