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West Chester Office Building
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9227 Centre Pointe Dr, West Chester, OH 45069

Four-story office building 100% leased by AK Steel Corporation.

Property Size135,936 SF
Price / SF$123.22
Days on Market777

Property Features for 9227 Centre Pointe Dr

General Information

Standard status Active
Size 135,936 SF
Class A
Property subtype Office
Zoning CBD- Central Business District
Occupancy 100%
Lease Type NNN
Investment Type Core+
Net Operating Income $2,152,408

Building Details

Year Built 2007
Buildings 1
Stories 4
Tenancy Single
Listing Agency: Marcus & Millichap - Phoenix
Listed By: Tivon Moffitt · License #AZ BR639369000
Source: Crexi
Added: Sep 5, 2024 Changed: Oct 12 Last Checked: Oct 20 at 8:09PM

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 - Phoenix

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Investment Insights

Based on property information with market context.

This four-story office building offers 135,936 square feet and is fully leased by AK Steel Corporation. Constructed in 2007 as a build-to-suit property, it has served as AK Steel’s headquarters since its completion. AK Steel is a producer of flat-rolled carbon, stainless and electrical steel products, primarily serving the automotive, infrastructure, manufacturing, and distribution markets. The company also provides customer solutions with carbon and stainless-steel tubing products, hot- and cold-stamped components, and die design and tooling. Headquartered in West Chester, Ohio, the company has approximately 9,300 employees at manufacturing operations in the United States, Canada and Mexico, and facilities in Western Europe. In March 2020, Cleveland-Cliffs acquired AK Steel, integrating its iron ore business with steel production. AK Steel became a wholly owned subsidiary, retaining its branding and corporate identity. Cleveland-Cliffs is the largest flat-rolled steel producer and largest supplier of steel to the automotive industry in North America. Cleveland-Cliffs employs more than 25,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada.

Key Highlights

  • 100% leased to AK Steel Corporation, a subsidiary of Cleveland‑Cliffs.
  • Property has served as AK Steel's headquarters since 2007.
  • AK Steel is a leading producer of flat‑rolled steel products.

Property Analytics

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Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Repair Shop HVAC Service Auto Parts Store Parking Lot & Garage Grocery & Convenience Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

897
Businesses Nearby

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
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Four-story office building 100% leased by AK Steel Corporation.
Where is this office building located?
The property is located at 9227 Centre Pointe Dr West Chester, OH.
What is the asking price?
The asking price for this property is $16,750,000.
What are key features of this property?
This property features: 100% leased to AK Steel Corporation, a subsidiary of Cleveland‑Cliffs.; Property has served as AK Steel's headquarters since 2007.; AK Steel is a leading producer of flat‑rolled steel products.
(954) 547-7212 Call to check price and availability
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