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Afinia Dental 9415 Fields Ertel Rd

7,309 SF Office Building Cincinnati, OH 45249 £1,196,032 (£164/SF) 7.25% Net Initial Yield

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Investment Highlights

Heartland is the country’s largest network of dental practices with over 1,700 locations, 2,800 doctors, and 20,000 employees.
The property has been operating as a dental practice for well over a decade, providing a buyer a high level of comfort.
Right outside the property, the intersection of Fields Ertel and Montgomery Rd sees a combined ±41,000 cars per day.

Heartland signed a 10 year lease at the location when purchasing the business in 2021, demonstrating a commitment to this location.
It is costly for dental practices to relocate due to having one of the highest build-out costs across all medical specialties.
The surrounding area of Cincinnati is a high income pocket of the market, with 3-mile and 5-mile average incomes of over $135,000.

Property Facts

Sale Type

Investment NNN

Property Type

Office

Property Subtype

Medical

Building Size

7,309 SF

Building Class

Year Built

1991

Price

£1,196,032

Price Per SF

£164

Net Initial Yield

7.25%

NOI

£86,712

Tenancy

Single

Number of Floors

Typical Floor Size

7,309 SF

Building FAR

0.19

Land Acres

0.89 AC

Zoning

Parking

30 Spaces (4.1 Spaces per 1,000 SF Leased)

PROPERTY TAXES

Parcel Number	620-0190-0571	Improvements Assessment	£177,317
Land Assessment	£151,312	Total Assessment	£328,629

PROPERTY TAXES

Parcel Number

620-0190-0571

Land Assessment

£151,312

Improvements Assessment

£177,317

Total Assessment

£328,629

Listing ID: 34111997
Date on Market: 06/12/2024
Last Updated:
Address: 9415 Fields Ertel Rd, Cincinnati, OH 45249

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