COMMERCIAL REAL ESTATE AUCTION

April 25, 2012 12:01PM ESTAll remaining unsold office condominiums of

    • Past Auctions

April 25, 2012 12:01PM EST
2768-2844 Mack Rd.
Fairfield, OH 45014
Auction will be conducted in the conference center building at 2840 Mack Rd

LENDER APPROVED ABSOLUTE AUCTION

All remaining unsold office condominiums of
Eagle’s View Professional Park


15 Total units plus large Conference Center
Will be offered individually and in bidder selected combinations

This auction contains 7 finished office condominiums and 8 unfinished (shell) office condominiums, plus a fully finished 10,000 sf (double unit) conference center with all furniture, fixtures, and equipment within the units. Also included in the offerings will be 1 lot of finishing materials consisting of windows, doors, and trim plus 1 lot of office furnishings. Current condominium association dues are $400 per month per unit.

  • Unit #2768
    Degree Complete: Shell
    Notes: Ready to finish
  • Unit #2792
    Degree Complete: Shell
    Notes: Ready to finish
  • Unit #2798
    Degree Complete: Partially Finished
    Notes: Lower level finished but needs carpet/upper level is shell ready to finish
  • Unit #2800
    Degree Complete: Shell
    Notes: Ready to finish
  • Unit #2802
    Degree Complete: Shell
    Notes: Walkout to courtyard
  • Unit #2804
    Degree Complete: Shell
    Notes: Walk out to courtyard
  • Unit #2812
    Degree Complete: Finished
    Notes: Walk out to courtyard
  • Unit #2818
    Degree Complete: Finished
    Notes: Move right in after closing
  • Unit #2820
    Degree Complete: Shell
    Notes: Ready to finish
  • Unit #2822
    Degree Complete: Shell
    Notes: Ready to finish
  • Unit #2824
    Degree Complete: Finished
    Notes: Move right in after closing
  • Unit #2828 & 2826
    Degree Complete: Finished
    Notes: Double Unit (5,400sf)
  • Unit #2830
    Degree Complete: Finished
    Notes:Has kitchenette, shower in bathroom, 1/3 of lower level leased by Cincinnati Bell until 2013 @ 432.12/mo
  • Unit #2840
    Degree Complete: Finished
    Notes: This double unit is the conference center
  • Unit #2844
    Degree Complete: Finished
    Notes: Used as Sales Office

About the Property

The original development plan for Eagle’s View Professional Park consisted of 33 total units on approximately 8 acres of land. 17 units have been sold. Every building is brick and contains only two double level units. Each unit, unless noted as a double unit, contains 2,700sf with 1,350sf on the main level and 1,350sf on the lower level. A double unit will contain 5,400sf on two levels and the two level Conference Center contains approximately 10,000sf. The entire development was constructed from 1988-1991.

The Conference Center contains a combination of wood, tile and carpeted floors. Of the 10,000sf, the lower level has a +/-400 person capacity while the main level has a +/-385 person capacity. The conference Center contains 2 kitchens, two bar areas (one on each level), tables, chairs, audio & lighting equipment, and two restrooms on each level. There is ample parking available. Other potential uses for the Conference Center include but is not limited to adult day care, churches, etc. The condo fee for this property is $800/month (double unit).

The construction of the office condominiums is a brick exterior, pitched asphalt shingle roof, wood framing, and wood double hung windows on a poured foundation. The units are heated and cooled with gas fired forced air zone controlled HVAC units with electric heat pumps. All units are separately metered. Each unit has a common entrance with tiled floor and each unit contains two unisex restrooms – one on each floor. A total of 556 parking spaces are on the property.

The property is located near Mercy Fairfield Hospital, Cincinnati Financial Group HQ, Meijer Supermarket, Cincinnati Mall, & Bass Pro Shop – all within 1 mile.

Also being sold (please attend one of the inspections to view)

  • 1 lot of building materials including lumber, window screens, trim work, etc.
  • 1 lot of office furnishings

Area Demographics
The City of Fairfield, OH covers +/- 20.5 square miles. As it exists today, the City of Fairfield is approximately 68% developed with 54% residential, 13% commercial, 9% industrial, 5% recreational, 16% utility/transportation, 32% vacant land, and 3% public creating a diversified and historically stable market area. Of the 32% vacant land, approximately 39% is allocated for industrial development, 14% for commercial development, 9% for residential, and the remainder for agricultural use.

The subject property location is strategically located 1 mile north of I-275, which provides easy access to all the major freeways – I-75, I-71, and I-74. The neighborhood is serviced by all public utilities. It is zoned B-1, Institutions and Office District.

Traffic Count

  • Mack Rd E of Gilmore Rd = 26,100 AADT 2000
  • Mack Rd. W of Gilmore Rd = 17,380 AADT 2006
  • Gilmore Rd N of Mack Rd = 23,400 ADDT 2000
  • Gilmore Rd S of Mack Rd = 30,951 AADT 2006

Don’t find out that these office condominiums SOLD for less than you would have paid!!

EVERYTHING SELLING TO HIGHEST BIDDER(S)
NO MINIMUM – NO RESERVE



Property information packets are available below in PDF or by calling 513-724-1133.
To download Free Adobe Reader please click the link below.

PROPERTY INFORMATION PACKET (all units)