Liberty Office Park Flex
For Sale
Contact for pricing
Pending
7102-7116 Office Park Drive, West Chester, OH 45069
76,501 SF flex asset near Liberty Center.
Property Size76,501 SF
Days on Market150
Property Features for 7102-7116 Office Park Drive
General Information
Standard status
Pending
Size
76,501 SF
Total Parking Spaces
181
Property subtype
Industrial
Occupancy
100%
Investment Type
Value Add
Building Details
Tenancy
Multi
Listing Agency:
CBRE - Cincinnati
Listed By:
Beau Nimer · License #OH 2013002524
(513) 369-1335
Source:
Crexi
Added: May 19
Changed: Oct 7
Last Checked: Oct 14 at 9:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Cincinnati
Investment Insights
Based on property information with market context.
Liberty Office Park, located at 7102-7116 Office Park Drive in West Chester, Ohio, is a 76,501 square foot single-story flex asset constructed in 2007. The property is currently 100% occupied. Situated in the Tri-County submarket, it is located less than 0.5 miles from Liberty Center, a mixed-use retail, residential, and office complex covering 1.2 million square feet. The building features tilt-up construction and visibility along State Route 129, with access to I-75 and I-275. Its location between Cincinnati and Dayton positions it to capture demand from both markets. The rent roll has a weighted average tenure of 9.88 years.
Key Highlights
- 100% Occupancy: Provides immediate income and stability.
- Prime Location: Less than 0.5 miles from Liberty Center.
- Strong Tenant History: Weighted average tenant tenure of 9.88 years.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$481,185
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,623,700
$9.6M
Cap Rate 7%
$6,874,071
$6.9M
Cap Rate 9%
$5,346,500
$5.3M
Market Conditions
NOI Build-Up for 76,501 SF
Gross rent
$734.4K $9.60/SF
− Vacancy
−$47.0K −$0.61/SF
EGI
$687.4K $8.99/SF
− OpEx
−$206.2K −$2.70/SF
NOI
$481.2K $6.29/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,623,700
Cap Rate 7%
$6,874,071
Cap Rate 9%
$5,346,500
Alternative Uses
Best Use
Industrial
$6.87M
$6.01M – $8.02M
NOI $481,185 @ 7.0% cap · market cap 5.98%
Second Best
Flex RnD
$4.14M
$3.62M – $4.83M
NOI $289,690 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$15.13M
$13.24M – $17.65M
NOI $1,058,806 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45069, OH
53,694
Population
21,727
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
95%
High-School Grad
29.0 sq mi
ZIP Area
1,852
Density / Sq Mi
$115,539
Median Household Income
$61,747
Median Earnings
$1,585
Median Rent
$314,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - 76,501 SF flex asset near Liberty Center.
Where is this flex space located?
The property is located at 7102-7116 Office Park Drive West Chester, OH.
What is the asking price?
The asking price for this property is $8,050,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate income and stability.; Prime Location: Less than 0.5 miles from Liberty Center.; Strong Tenant History: Weighted average tenant tenure of 9.88 years.
