Flex Warehouse with Parking | Near Downtown | 2350 Gilbert Ave
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Flex Warehouse with Parking | Near Downtown 2350 Gilbert Ave
17,700 SF Vacant Industrial Building Online Auction Sale Cincinnati, OH 45206
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Investment Highlights
- Unique 17,700-SF industrial warehouse with office space situated on 0.936-acre parcel with high visibility and frontage in Cincinnati, Ohio.
- Excellent owner/user or value-add investment opportunity to acquire a fully vacant asset in the Walnut Hills area capable of a range of business uses.
- Ideally surrounded by a highly skilled workforce as 40.5% of these residents obtain a bachelor’s degree or higher, surpassing the national average.
- Favorably positioned with easy accessibility to both I-71 and I-75 and minutes from Downtown Cincinnati.
- Efficient build-out with a clear-span layout, max clear height of ~16’ at roof pitch, a dock door, a drive-in bay, and central heating and cooling.
Executive Summary
One-of-a-kind 17,700-square-foot industrial warehouse established over a 0.936-acre lot in Cincinnati, Ohio. 2350 Gilbert Avenue boasts excellent frontage and visibility in front of 11,882 vehicles per day and provides easy ingress and egress as it is accompanied by parking options on the east side of the building. The single-story property features a wide, clear-span layout, 10.8’ - 16’- foot clear height, one dock door, and one drive-in bay. The ideally built-out building includes both warehouse and office space with heating through the warehouse unit and central air providing comfortable workspaces within the offices.
Beneficially positioned at a signalized intersection along US Highway 22/Gilbert Avenue, the property provides exceptional accessibility as it is located 1 mile from Interstate 71 and less than 3 miles from the Interstate 71/75 highway interchange. 2350 Gilbert Avenue is also optimally situated 2 miles from Downtown Cincinnati providing quick access to major league stadiums home to the Cincinnati Bengals, Cincinnati Reds, and Cincinnati Cyclones. The city is home to a robust population home to over 311,000 residents. This growing population is filled with a highly skilled workforce, as 40.5% of these residents obtain a bachelor’s degree or higher, surpassing the national average of 34.3%.
Discover a strong investment opportunity at this prime property located in the thriving, diverse, and historic Walnut Hills area which has seen many new development projects completed and slated in the near future. With a strategic location in Cincinnati, 2350 Gilbert Avenue provides an ideal setting for a range of business uses for a future owner/user or developing corporation.
Property tours are available by appointment only. Please contact the broker to schedule. Tour dates are planned for January 14th, 2025 and January 23rd, 2025.
Beneficially positioned at a signalized intersection along US Highway 22/Gilbert Avenue, the property provides exceptional accessibility as it is located 1 mile from Interstate 71 and less than 3 miles from the Interstate 71/75 highway interchange. 2350 Gilbert Avenue is also optimally situated 2 miles from Downtown Cincinnati providing quick access to major league stadiums home to the Cincinnati Bengals, Cincinnati Reds, and Cincinnati Cyclones. The city is home to a robust population home to over 311,000 residents. This growing population is filled with a highly skilled workforce, as 40.5% of these residents obtain a bachelor’s degree or higher, surpassing the national average of 34.3%.
Discover a strong investment opportunity at this prime property located in the thriving, diverse, and historic Walnut Hills area which has seen many new development projects completed and slated in the near future. With a strategic location in Cincinnati, 2350 Gilbert Avenue provides an ideal setting for a range of business uses for a future owner/user or developing corporation.
Property tours are available by appointment only. Please contact the broker to schedule. Tour dates are planned for January 14th, 2025 and January 23rd, 2025.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Cincinnati - OH USA
Market Cap Rate
Cincinnati - OH USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
17,700 SF of Flex Space Available for Lease. The property features wide clear span warehouse space and office space. Warehouse space is heated while the office space has central air.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 17,700 SF | Industrial | - | Now |
1st Floor
| Size |
| 17,700 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
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STREET VIEW
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1st Floor
| Size | 17,700 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
17,700 SF of Flex Space Available for Lease. The property features wide clear span warehouse space and office space. Warehouse space is heated while the office space has central air.
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Walk Score ®
Very Walkable (84)
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Indianapolis
867,125
112
2 h 15 m
Columbus
892,533
113
2 h 18 m
Detroit
672,662
259
5 h 3 m
Chicago
2,705,994
294
5 h 46 m
Charlotte
872,498
468
9 h 4 m
Washington
702,455
498
9 h 44 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
814,739
Total Labor Force
438,470
Unemployment Rate
3.66%
Median Household Income
$61,725
Warehouse Employees
71,733
High School Education Or Higher
91.90%
$ values in USD
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £83,970 | |
| Land Assessment | £30,393 | Total Assessment | £114,363 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£30,393
Improvements Assessment
£83,970
Total Assessment
£114,363
zoning
| Zoning Code | CC-P |
| CC-P |
Sale Advisors
Sale Advisors
Michael Bergman, Vice President Sales & Leasing
(678) 595-5954
Contact
An associate at NAI Bergman, Michael has wide-ranging experience, including retail, office, land and development transactions as well as tenant and owner representation. Published in several areas he is currently co-authoring a guide to tenant representation. Working closely with NAI Bergman's management, Michael is intricately involved in helping the office best service its customers on a global basis. An attorney by training, and admitted to practice in Arizona, Michael has been involved in commercial real estate for over a decade in both Georgia and Ohio. Michael has represented a national shopping center owner, international retailers, and office clients. He has worked closely in numerous complex transactions that have proved successful.
Gueorgui Chikov, Vice President Sales & Leasing
(513) 331-0920
Contact
Gueorgui started pursuing his interest in real estate at the University of Cincinnati, one of the nation’s top-ranked real estate programs. He is an active participator in the University’s Real Estate Association. This association organizes monthly roundtables hosting some of Cincinnati’s industry representatives. Gueorgui is also an active member of NAIOP, the National Association for Industrial and Office Parks. NAIOP is one of North America’s most prestigious and valuable commercial real estate organizations.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Sophy Cardenas
Contact
Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Flex Warehouse with Parking | Near Downtown | 2350 Gilbert Ave
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