9227 Centre Point Drive - AK Steel

West Chester, OH, US

9227 Centre Point Drive - AK Steel_Property for Sale


9227 Centre Point Drive - AK Steel 2_Property for Sale

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire 9227 Centre Pointe Drive (the “Property”), a 135,936 square foot Class A office building located in Westchester, OH. The Property is 100% leased to AK Steel on a triple-net basis with 7.3 years remaining in the current term, has immediate access to I-75, and sits just 20 miles north of Cincinnati’s CBD. Cleveland Cliffs (NYSE: CLF) acquired AK Steel Corporation (the “Tenant”) in March 2020 to vertically integrate its iron ore business with quality focused steel production, and as a result became the largest flat-rolled steel producer in North America. 

Broker of Record: Bill Poffenberger

License #: OH - 352247


Building area Net
135,936 sf
Year built

Investment highlights

  • Industry leading tenancy from Cleveland Cliffs (largest supplier of automotive steel in US)
  • Class A office building in Cincinnati MSA
  • Located in affluent Cincinnati suburb ($154,654 Avg. HH income) just 22 minutes from the CBD
  • 15-year operating history from the tenant who renewed lease early in 2018
  • Over 7 years of lease term remaining with two, 5-year extension options
9227 Centre Point Drive - AK Steel 4_Property for Sale
9227 Centre Point Drive - AK Steel 4_Property for Sale

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
May 25, 2022