-
J . A . T R A U T M A N N R E A L T O R S | 5 1 3 . 7 5 2 . 5 0
0 0 | 9 0 1 O H I O P I K E , S U I T E 2 0 0 , C I N C I N N A T I
, O H 4 5 2 4 5
BEN TRAUTMANN TIM TRAUTMANN513.752.5000 x10
[email protected] [email protected]
F O R S A L E
EASTGATEPROFESSIONALCENTER /EASTGATEVILLAGECENTER9 4 8 O L D S T
A T E R O U T E 7 4 , C I N C I N N A T I , O H 4 5 2 4 4
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J.A. TRAUTMANN REALTORS | 513.752.5000 | 901 OHIO PIKE, SUITE
200, CINCINNATI, OH 45245
BEN TRAUTMANN TIM TRAUTMANN513.752.5000 x10
[email protected] [email protected] RETAIL PROPERTY
FOR SALE
OFFERING SUMMARYSale Price: $2,690,000
Cap Rate: 7.49%
NOI: $201,521
Available SF: 2,400 SF
Lot Size: 3.26 Acres
Year Built: 1991
Building Size: 21,000 SF
Zoning: Commercial - GeneralBusiness
Market: Cincinnati
Submarket: Eastgate
Traffic Count: 19,500
Price / SF: $128.10
PROPERTY OVERVIEWRetail center on major intersection in the
Eastgate shopping district (OldSt Rt 74 & Glen Este
Withamsville) 21,000 SqFt with 156 parking stalls inlighted parking
lot. Two pylon signs on Old St Rt 74 visible fromintersection. ADT
~ 20,000 cars. Very little deferred maintenance. NOI ~$201,500
PROPERTY HIGHLIGHTS• 88.58% physical occupancy.
• Located on major intersection in the Eastgate shopping
district.
• 21,000 SqFt with 156 parking stalls in lighted parking
lot.
• Two pylon signs on Old St Rt 74 visible from intersection.
• ADT ~ 20,000 cars on Old SR 74 / ADT ~ 17,000 cars on Glen
Este.
• Very little deferred maintenance. New roof/gutters in 2019
• NOI ~ $201,500
RETAIL PROPERTY FOR SALE
EXECUTIVE SUMMARY
EASTGATE PROFESSIONAL CENTER / EASTGATE VILLAGE CENTER | 948 OLD
STATEROUTE 74 , C INCINNATI , OH
-
J.A. TRAUTMANN REALTORS | 513.752.5000 | 901 OHIO PIKE, SUITE
200, CINCINNATI, OH 45245
BEN TRAUTMANN TIM TRAUTMANN513.752.5000 x10
[email protected] [email protected] RETAIL PROPERTY
FOR SALE
RETAIL PROPERTY FOR SALE
ADDITIONAL PHOTOS
EASTGATE PROFESSIONAL CENTER / EASTGATE VILLAGE CENTER | 948 OLD
STATEROUTE 74 , C INCINNATI , OH
-
J.A. TRAUTMANN REALTORS | 513.752.5000 | 901 OHIO PIKE, SUITE
200, CINCINNATI, OH 45245
BEN TRAUTMANN TIM TRAUTMANN513.752.5000 x10
[email protected] [email protected] RETAIL PROPERTY
FOR SALE
TENANTNAME
UNITNUMBER
UNITSIZE (SF)
LEASESTART
LEASEEND
ANNUALRENT
% OFGLA
PRICEPER SF/YR
Busken Bakery 8 1,800 03/08/1999 05/31/2021 $27,000 8.57
$15.00
The Meat Store 7 1,800 03/15/2013 03/31/2020 $25,085 8.57
$13.94
Witt Remodeling 5-6 2,400 05/02/2016 07/31/2020 $33,100 11.43
$13.79
Alegna Realty 4a 1,200 10/27/2015 12/31/2019 $17,169 5.71
$14.31
Tax Services 4 1,200 12/19/2014 04/30/2021 $17,400 5.71
$14.50
Vacant 3 1,200 5.71
Farmers Insurance 2 1,200 08/12/2017 08/11/2020 $16,908 5.71
$14.09
Your Cleaners 1 1,200 10/28/2015 10/27/2021 $17,520 5.71
$14.60
vacant 7 1,200 5.71
United Way 6 1,020 08/15/2017 08/14/2020 $15,445 4.86 $15.14
State Farm 5 1,000 03/01/2000 02/28/2020 $16,768 4.76 $16.77
Merry Maids 4 1,500 06/01/2000 08/19/2020 $20,400 7.14
$13.60
Total Staffing 3 1,200 08/01/15 07/31/2022 $17,415 5.71
$14.51
Cullen Electric 1-2 2,400 11/01/19 10/31/2024 $30,960 11.43
$12.90
Totals/Averages 20,320 $255,170 $12.56
RETAIL PROPERTY FOR SALE
RENT ROLL
EASTGATE PROFESSIONAL CENTER / EASTGATE VILLAGE CENTER | 948 OLD
STATEROUTE 74 , C INCINNATI , OH
-
J.A. TRAUTMANN REALTORS | 513.752.5000 | 901 OHIO PIKE, SUITE
200, CINCINNATI, OH 45245
BEN TRAUTMANN TIM TRAUTMANN513.752.5000 x10
[email protected] [email protected] RETAIL PROPERTY
FOR SALE
INCOME SUMMARY
2020 gross scheduled income $255,169Gross Income $255,169
EXPENSE SUMMARY
Taxes $27,113Utilities $6,911Insurance $5,743Maintenance
$12,060Trash $1,821Gross Expenses $53,648
Net Operating Income $201,521
RETAIL PROPERTY FOR SALE
INCOME & EXPENSES
EASTGATE PROFESSIONAL CENTER / EASTGATE VILLAGE CENTER | 948 OLD
STATEROUTE 74 , C INCINNATI , OH
-
J.A. TRAUTMANN REALTORS | 513.752.5000 | 901 OHIO PIKE, SUITE
200, CINCINNATI, OH 45245
BEN TRAUTMANN TIM TRAUTMANN513.752.5000 x10
[email protected] [email protected] RETAIL PROPERTY
FOR SALE
RETAIL PROPERTY FOR SALE
RETAILER MAP
EASTGATE PROFESSIONAL CENTER / EASTGATE VILLAGE CENTER | 948 OLD
STATEROUTE 74 , C INCINNATI , OH
-
J.A. TRAUTMANN REALTORS | 513.752.5000 | 901 OHIO PIKE, SUITE
200, CINCINNATI, OH 45245
BEN TRAUTMANN TIM TRAUTMANN513.752.5000 x10
[email protected] [email protected] RETAIL PROPERTY
FOR SALE
POPULATION 1 MILE 5 MILES 10 MILES
Total population 3,725 97,705 293,724
Median age 36.0 36.6 38.4
Median age (Male) 35.7 35.7 37.1
Median age (Female) 36.5 37.5 39.6
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
Total households 1,466 37,500 112,403
# of persons per HH 2.5 2.6 2.6
Average HH income $72,842 $76,309 $86,689
Average house value $199,849 $178,429 $234,646
* Demographic data derived from 2010 US Census
RETAIL PROPERTY FOR SALE
DEMOGRAPHICS MAP
EASTGATE PROFESSIONAL CENTER / EASTGATE VILLAGE CENTER | 948 OLD
STATEROUTE 74 , C INCINNATI , OH
