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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.
Highlights
4+ years remaining on a lease with the Social Security Administration (SSA), extending to February 28, 2035.
Built-in rent increases every two years.
2009 construction, build-to-suit for SSA; LEED Gold certified.
S&P rated AA+ investment-grade tenant (SSA).
High visibility location on Reading Road (16,772 vehicles/day), 1.5 miles from I-75.
Limited competition; nearest SSA facility is 20 minutes away.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.