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    9227 Centre Pointe Dr West Chester, OH 45069

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    For Sale
    Contact for pricing

    Class A Office Building, 100% Leased

    Property size:
    135,936 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office building, totaling 135,936 square feet across four stories, presents a compelling investment opportunity. Built in 2007 as a build-to-suit for AK Steel Corporation, it serves as their corporate headquarters and is currently 100% occupied under a NNN lease expiring July 31, 2029. The lease commenced February 19, 2007, with a remaining term of approximately 4.7 years. The property boasts a substantial 6.86-acre lot in West Chester, Ohio's Central Business District (CBD), providing ample surface parking (3.85 spaces per 1,000 sq ft). The building features approximately 33,984 square foot floor plates. The property's strong financial performance is evidenced by a current Net Operating Income (NOI) of $2,107,008. AK Steel, a subsidiary of Cleveland-Cliffs (a Fortune 500 company), is a leading producer of flat-rolled steel products. This investment offers a stable, long-term lease with a financially sound tenant in a prime location. The property's size, location, and tenant history make it an attractive addition to any portfolio. There are no rent bumps and no ground lease. This is a stabilized investment opportunity with a significant return potential.

    Property Features for 9227 Centre Pointe Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    135,936 SF
    Class
    A
    Lot Size
    298,822 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    4

    HighLights

    • 100% leased to AK Steel, the corporate headquarters.
    • Cleveland‑Cliffs, the parent company, is a Fortune 500 company.
    • Building occupied by tenant since its 2007 construction.
    • NNN lease with favorable terms.
    • 135,936 square foot, four‑story building with approximately 33,984 square foot floor plates.
    • 6.86‑acre site with ample surface parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Butler
    State
    Ohio
    Longitude
    -84.42890669
    Latitude
    39.32733652

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Building, 100% Leased
    Where is this office property / space located?
    The property is located at 9227 Centre Pointe Dr West Chester, OH.
    What are key features of this property?
    This property features: 100% leased to AK Steel, the corporate headquarters.; Cleveland-Cliffs, the parent company, is a Fortune 500 company.; Building occupied by tenant since its 2007 construction.
    Request Owner's contact information
    9227 Centre Pointe Dr West Chester, OH 45069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9227 Centre Pointe Dr West Chester, OH 45069
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