9227 Centre Pointe DrWest Chester, OH 45069

For Sale
Call for price

Class A Office Building, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • 100% leased to AK Steel, the corporate headquarters.
  • Cleveland-Cliffs, the parent company, is a Fortune 500 company.
  • Building occupied by tenant since its 2007 construction.
  • NNN lease with favorable terms.
  • 135,936 square foot, four-story building with approximately 33,984 square foot floor plates.
  • 6.86-acre site with ample surface parking.

Property Details for 9227 Centre Pointe Dr

Property type
Other office properties, Office properties
Square Feet
135,936 SF
Class
A
Year Built
2007
Buildings
1
Stories
4
Lot Size (sq. ft)
298,822 SF

Location Insight

City
West Chester
County
Butler
State
Ohio
Latitude
39.32733652
Longitude
-84.42890669
9227 Centre Pointe Dr, West Chester, Ohio

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9227 Centre Pointe Dr
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