10205 Reading Rd Cincinnati, OH 45241-3111
This exceptional Class A office building, totaling 13,928 square feet, presents a compelling investment opportunity. Currently 100% occupied by the Social Security Administration (SSA) under a modified lease with a remaining term of approximately four years, the lease commenced February 24, 2023, and extends to February 28, 2035. Built in 2009 as a build-to-suit for SSA and boasting LEED Gold certification, the property features a single-story structure on a 2.08-acre lot in Cincinnati, Ohio (45241). The asking price is $5,155,000, representing a compelling cap rate of 7.15% with a Net Operating Income (NOI) of $368,571. The property benefits from built-in rent bumps every two years, providing consistent income growth. Strategically located on Reading Road, with high daily traffic volume (16,772 vehicles), and within 1.5 miles of I-75, the building enjoys excellent visibility and accessibility. Its prime location is further enhanced by proximity to major retailers (Walmart, Menards, Starbucks, etc.) and significant employers (GE Aerospace, with over 7,500 employees). The strong demographics of the area, with a population exceeding 166,800 within a 5-mile radius and an average household income of $186,000 within 1 mile, contribute to the property's long-term value. The SSA's presence as an S&P rated AA+ investment-grade tenant ensures stability and security. This is a rare opportunity to acquire a high-quality, stabilized asset with a strong tenant and significant upside potential.
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Social Security Office Federal Government Office
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Social Security Administration Social Security Office Government Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.