Denver, CO – February 6, 2023 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 2055 Reading Rd., Cincinnati, OH, 45202.
Drew Williams, Kevin Calame, and Matt Lewallen of NorthPeak Commercial Advisors represented the buyer in this transaction.
“The Buyer was searching for a stabilized high cap rate opportunity outside of Denver and had worked with us on prior transactions, both in state and out of state. They felt that Cincinnati provided a great opportunity to own quality real estate that provided steady cashflow in a growing market. This was a 1031 Exchange where our client was able to sell an asset in Denver and deploy their capital more efficiently with an 8.7% CAP modified Gross lease asset.”
– Drew Williams, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Drew Williams at 303-917-5232 or Drew@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 2055 Reading Rd., Cincinnati, OH 45202
- Sale Price: $3,165,000
- Closed Date: February 3, 2023
- Property Size: 30,908 SF ($102/SF)
- Property Type: Office
