INDUSTRIAL / COMMERICAL REAL ESTATE

06/26/2008(7) Office-Distribution/Warehouse Condominiums

    • Past Auctions

06/26/2008
7700 & 7800 Affinity Place
Mt. Healthy (Cincinnati) Ohio 45231
Auction to be held in unit 7805

(7) Office-Distribution/Warehouse Condominiums
(3) 1 Acre Building Lots

Tremendous Real Estate Buying Opportunity for
BUSINESS OWNERS * DEVELOPERS* INVESTORS

The Mt. Healthy Commerce Park is conveniently located Northeast of downtown Cincinnati and only 1 mile from the Ronald Reagan Cross County Highway, which provides direct access to I-71, I-75 & I-275.

Condominimuns- We will be offering (7) Office-Distribution/Warehouse Condominiums contained in two high quality steel & masonry buildings. The buildings were completed in late 2001 and are in excellent condition. Units range in size from 2,040 sq. ft. to 4,752 sq. ft. and are divided into office and distribution/warehouse space
Bidders will have the opportunity to purchase any individual unit or any combination of units including up to five contiguous units comprising 13,584 total sq. ft. Ample common parking areas are adjacent to each building.

Building Lots- We will also be selling three 1 Acre building lots. The lots are located directly across Affinity Place from the condominiums and have access to all public utilities. The lots are adjoining to each other and will be offered individually and in bidder selected combinations.

The Zoning for the Mt. Healthy Commerce Park is “FF” Planned Light Industrial. The condominiums are well suited to accommodate a range of uses from service-oriented businesses to manufacturing.

(7) Office Distribution/Warehouse Condominium Units

The Condominiums are located contained in two contiguous buildings on the west side of Affinity Place. The front portion of most units is comprised of a first floor office area and mezzanine with stairway access from the office area or distribution/warehouse areas. The rear portion of the units is clear span distribution/warehouse space with 20 ft. ceilings and is accessible by a 12 ft. overhead door. The well insulated, energy efficient buildings are equipped with a gas forced air furnaces and central air conditioning in the office areas and gas forced air space heaters in the distribution/warehouse space. The buildings also encompass an advanced fiber optic infrastructure to accommodate the communication needs of today’s businesses.

7700 Building

7701-7703 Affinity Place– Double unit with 4,328 total sq. ft., 2,936 sq. ft. distribution/warehouse space and 1,392 sq. ft. first floor office area, 1 restroom.
The property is leased through 8-09 with 2 yr. renewal option for $1,600 per month with a 3% rent increase per year

7709-7711 Affinity Place– Double Unit with 4,320 total sq.ft., 3,624 sq.ft.distribution/warehouse, 696 sq. ft. first floor office area, 1 restroom.
The property is leased through 6-09 with two 2 yr. renewal options for $1,125 per month with a 5% rent increase per year

7800 Building

7801 Affinity Place– Single Unit with 2,040 total sq. ft. first floor office area with 2 Restrooms.
Available for immediate occupancy

7803 Affinity Place – Single Unit with 2,040 total sq. ft.
984 sq. ft. distribution/warehouse * 696 sq. ft. first floor office area *396 sq. ft.mezzanine with front office stairway access, 1 restroom.
This unit is leased through 5-10 for $1,100 per month with a 2.5% increase per year and $65 per month common area maintenance fee.

7805 Affinity Place – Single Unit 2,376 total sq. ft. * 984 sq. ft. distribution/warehouse* 696 sq. ft. office area, * 696 sq. ft. mezzanine with rear distribution/warehouse stairway access* 1 restroom.
Available for immediate occupancy.

7807 Affinity Place – Single Unit 2,376 total sq. ft. * 984 sq. ft. distribution/warehouse, 696 sq. ft. first floor office area * 696 sq. ft. mezzanine with rear distribution/warehouse stairway access * 1 restroom.
Available for immediate occupancy.

7809 – 7811 Affinity Place – Double Unit 4,752 total sq. ft. * 1,968 sq. ft. distribution/warehouse * 1,392 sq. ft. office area * 1,392 sq. ft. mezzanine with rear distribution/warehouse stairway access, * 2 restrooms.
This unit is leased through 10-08 for $1,600 per month plus a $50 Common Area maintenance fee.

Note: Tenants pay gas and electric. Property owners association pays the water & sewer.

The condominiums will be offered with no minimum starting price. All high bids will be placed on contract and presented to the seller for acceptance immediately at the conclusion of the auction.

(3) Exceptional Industrial/Commercial Building Lots

The lots will be offered individually and in bidder selected combinations. All lots have access to water, sewer, gas & electric. All lots will be sold to the highest bidder(s).

Lot #2 Affinity Place– 1.14 acres * 49,678 sq. ft. *263 ft. frontage

Lot #3 Affinity Place – 1.02 acres * 44,633 sq. ft. *200 ft. frontage

Lot #4 Affinity Place – 1.09 acres 47,638 sq. ft. *221 ft. frontage

The Mt. Healthy Commerce Park is located in a Hamilton County Economic Development designated Enterprise Zone. Properties located within an Enterprise Zone are eligible for a variety of tax incentives and project financing assistance programs. Visit www.hcdc.com for details.

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 (Condo)

PROPERTY INFORMATION PACKET (vacant lots)