For Sale
$2,700,000

2612 Gilbert AveCincinnati, OH 45206

100% Occupied, 8.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115

Highlights

  • $2,700,000 asking price for a stabilized mixed-use investment property.
  • 22,000 square feet, 100% occupied, with two corporate-guaranteed tenants.
  • 8.5% cap rate, generating $230,724 in net operating income (NOI).
  • Located in Cincinnati, OH, at 2612 Gilbert Ave, on a 1.03-acre lot with 15 parking spaces.
  • Features a single, one-story, 1970-built building renovated in 2017, with a Commercial zoning permit.
  • NNN leases with 5-year terms, including a 16% rent bump every 5 years, and 2 years remaining on current leases.

Property Details for 2612 Gilbert Ave

Property type
Retail properties, Office properties
Square Feet
22,000 SF
Class
B
Year Built/Renovated
1970/2017
Buildings
1
Stories
1
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1279024
Longitude
-84.4887099
2612 Gilbert Ave, Cincinnati, Ohio
Leaflet | © OpenStreetMap contributors

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2612 Gilbert Ave
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