Pfeiffer Woods

5151 Pfeiffer Road, Blue Ash, OH, 45242, US

資產詳情

Jones Lang LaSalle Americas, Inc. (“JLL”) as exclusive advisor, is pleased to present an exceptional investment opportunity: the acquisition of 100% fee simple interest in Pfeiffer Woods, a boutique Class A office center, offering 117,075 rentable square feet (RSF) in Blue Ash, Ohio. The property benefits from the following key features:

Prime Location: A strategic location in Blue Ash places the Property at the heart of the vibrant Tri-State metropolitan region, home to over two million residents.

Economic Powerhouse: Blue Ash serves as a key economic driver, hosting large companies and public institutions with regional, national, and international impact. Notably, 34 Fortune 500 companies maintain offices or manufacturing facilities in the city.

Strong Employment Hub: Blue Ash boasts a highly skilled workforce, positioning it as the region's second-largest employer, surpassed only by Downtown Cincinnati.

Impressive Occupancy: The Property is currently 85% leased, demonstrating strong market demand and potential for additional value creation.

Quality Tenant Mix: Pfeiffer Woods features a dynamic rent roll anchored by MarketVision's headquarters, occupying 26% of the total rentable area. Other notable tenants include AHEAD, SageSure, Keyence Corp of America, and Schaeffer's Investment Research.

Recent Leasing Success: In the past 12 months, the Property has secured approximately 36,000 RSF (over 30% of total RSF) in combined new leases and renewals, capitalizing on the ongoing flight-to-quality trend.

2024 Amenity Renovations: Recent upgrades have enhanced the Property's appeal, contributing to its leasing momentum and long-term value proposition.

Value-Creation Opportunity: Large 11.057 Acres site and out-sized 5:1,000 RSF parking ratio afford the opportunity to parcel off the hard corner of Pfeiffer Road and Kenwood Road for additional revenue creation.

This offering provides investors the rare opportunity to acquire a premium office asset in a thriving submarket, combining stable cash flows with attractive value-add potential. Pfeiffer Woods is ideally positioned to capitalize on the ongoing flight-to-quality trend observed across the country, making it an attractive addition to discerning investment portfolios.

For further information regarding the property and the sale process, as well as property tour arrangements, please contact the JLL team. Due diligence materials, including detailed financial projections, are available via an electronic data room hosted by RI Marketplace: https://rimarketplace.com/auction/2541/pfeiffer-woods-class-a-office-cincinnati-msa

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特性

落成年份

1998

翻新年份

2024

樓層數目

可出租面積

117,075 平方呎

使用／出租率

85%

土地面積

11.06 英畝

停车位数量

588

媒體

投資亮點

2024 Renovation Drives Leasing Velocity
Nearly 36,000 RSF, or over 30% in total RSF, of new leases and renewals in the past 12 months
Headquarters Quality Asset - Complete Amenity Set
2024 renovations and highly desirable 29,500 square feet floor plates
The Most Attractive Building in the Most Active Suburban Submarket
The highest level of direct leasing activity compared to other class A office buildings located in the area
Value-Creation Opportunity via Retail Pad Site
Spacious, underutilized parking with a 5:1000 ratio
Irreplaceable Blue Ash Location
Economic center in the Tri-State metropolitan region
Prime Visibility and Access Adjacent to Best-of-the-Best Area Amenities
Walking distance to a vibrant Summit Park area
Substantial Discount to Replacement Costs
No significant deferred maintenance required