8620 Winton Rd 15,601 SF 100% Leased Office Building Cincinnati, OH 45231 £942,225 (£60.40/SF) 8.93% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Desirable location, heavy traffic area, located near Chick-fil-A!
- Plenty of parking for tenants!
- Signage and security system in place!
EXECUTIVE SUMMARY
Attractive brick 3-story office/retail building, 90% occupied. The building is located on a busy road close to shopping, restaurants and other amenities. Chick-fil-A is a neighbor! Seller has made recent updates including: flooring, painting, plumbing, and installing security cameras. Great investment opportunity!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£124,853
|
£8.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£124,853
|
£8.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£40,671
|
£2.61
|
| Net Operating Income |
£84,182
|
£5.40
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
15,601 SF
Building Class
C
Year Built
1966
Price
£942,225
Price Per SF
£60.40
Net Initial Yield
8.93%
NOI
£84,141
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
5,200 SF
Slab to Slab
10 ft
Building FAR
1.49
Lot Size
0.24 AC
Zoning
E
Parking
15 Spaces (0.96 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
1 of 1
PROPERTY TAXES
| Parcel Number | 590-0220-0163 | Improvements Assessment | £54,525 |
| Land Assessment | £36,157 | Total Assessment | £90,682 |
