Medical Office Building with
8099 Cornell Rd Cincinnati, OH 45249
8099 Cornell Rd, Cincinnati, OH, 45249
Contact for pricing
For Sale
Contact for pricing
Constructed in 2008, this medical office building is leased under a double-net structure with corporate guarantee.
Property Size26,107 SF
Lot Size2.36 Acres
Price / SF$383.04
Days on Market107
Property Features for 8099 Cornell Rd
General Information
- Standard status
- Active
- Size
- 26,107 SF
- Lot size
- 2.36 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agency
Marcus & Millichap - Chicago Downtown
(312) 787-0666
Listed by
Frank Roti · License #IL 475.139806
Source
Crexi
Added: Apr 6 Updated: Jul 20 at 11:48PM Checked: Jul 20 at 11:48PM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
This medical office building was constructed in 2008 and totals 26,107 square feet on approximately 2.36 acres. The property is currently occupied by Ortho Alliance MSO LLC / Beacon Orthopaedics & Sports Medicine, Ltd under a double-net lease structure. The lease includes 3% annual rental increases and is backed by a corporate guarantee, with approximately five years remaining and two additional five-year renewal options.
Located along Cornell Road in the northeastern portion of the Cincinnati metropolitan area near Blue Ash and Montgomery, the building sits within a well-established commercial and medical corridor. The area is characterized by corporate offices, healthcare providers, and professional services, and is also near retail and dining amenities.
Regional accessibility is supported by immediate access to major transportation routes, including Interstates 71 and 275, with State Route 126 (Ronald Reagan Cross County Highway) nearby for east-west travel across the metropolitan area.
Located along Cornell Road in the northeastern portion of the Cincinnati metropolitan area near Blue Ash and Montgomery, the building sits within a well-established commercial and medical corridor. The area is characterized by corporate offices, healthcare providers, and professional services, and is also near retail and dining amenities.
Regional accessibility is supported by immediate access to major transportation routes, including Interstates 71 and 275, with State Route 126 (Ronald Reagan Cross County Highway) nearby for east-west travel across the metropolitan area.
Key Highlights
- Medical office building constructed in 2008 with 26,107 SF on approximately 2.36 acres
- Currently occupied by Ortho Alliance MSO LLC / Beacon Orthopaedics & Sports Medicine, Ltd
- Double‑net lease structure with a corporate guarantee
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $538.8k | $20.64 |
| − Vacancy | −$123.4k | −$4.73 |
| EGI | $415.5k | $15.91 |
| − OpEx | −$103.9k | −$3.98 |
| NOI | $311.6k | $11.94 |
26,107 SF · lease $20.64/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.45M
$3.89M – $5.19M
NOI $311,589 @ 7.0% cap · market cap 3.12%
Second Best
Healthcare Medical
$4.32M
$3.78M – $5.04M
NOI $302,632 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$5.19M
$4.54M – $6.05M
NOI $363,279 @ 7.0% cap · market cap 3.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Unger Chad B
Physician
Dr. Michael Lawley
Physician
Todd Grime
Medical Clinic
Nicholas S. Mirkopoulos, ...
Physician
Jacob Meyer
Physician
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FAQs
What type of property is this?
Medical Office Space - Constructed in 2008, this medical office building is leased under a double-net structure with corporate guarantee.
Where is this medical office space located?
The property is located at 8099 Cornell Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Medical office building constructed in 2008 with 26,107 SF on approximately 2.36 acres; Currently occupied by Ortho Alliance MSO LLC / Beacon Orthopaedics & Sports Medicine, Ltd; Double‑net lease structure with a corporate guarantee
