9227 Centre Pointe Dr West Chester, OH 45069
- Office buildings
- 175,128 SF
- 6.86 lot acres
Current Use by Public Records
- Office buildings
Property Details for 9227 Centre Pointe Dr
- Year built
- 2006
- Lot size
- 6.86 lot acres
- Property size
- 175,128 SF
- Property type
- Office buildings
- APN
- M5610-032.000-124
- APU
- M5610032000124
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Chester
- County
- Butler
- State
- Ohio
- Longitude
- -84.4279
- Latitude
- 39.3277
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA