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1. MULTIPLE INVESTMENT OPPORTUNITIES

This well-maintained property offers investors multiple opportunities. Continue leasing the large 10 studio apartments as rental units or follow the trend in the neighborhood by converting to condominiums. The first floor space is currently leased to a Kroger vendor and future use could continue as office or be converted to retail space.

2. CENTER OF REVITALIZED PEDESTRIAN FRIENDLY SPACE

The property sits in the center of the newly developed Court Street Plaza which is home to numerous restaurants and businesses, and hosts to community outdoor events and programming.

3. WALKERS PARADISE

Not only does Court Street Plaza offer its own unique shopping and dining, it is conveniently located in the center of downtown, just blocks away from the new Kroger grocery store, Fountain Square, Aronoff Arts Center, Cincinnati Court House and much more.

4. EASY ACCESS TO ALL OF DOWNTOWN

Walking distance to multiple street car stops to access all downtown Cincinnati has to offer, including the live-work-play neighborhoods to the North - Over-the-Rhine - and south - The Banks - of the CBD provide numerous complimentary lifestyle options to those in the CBD.
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17 E Court St
10 Units
17 E Court St.
Cincinnati, OH  45202
Type: Conventional
Posted: 9/14/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of Burgundy Court Apartments. The community consists of 234 units including 32 - 1 Bedroom units, 140 – 2 Bedroom units and 62 – 3 Bedroom, 2-story Townhomes. Burgundy Court was built in 1967 and is located in Colerain Township, a desirable community in the northwest area of Greater Cincinnati.

1. EXCELLENT VALUE ADD POTENTIAL
Burgundy Court offers an excellent true value-add upgrade potential. Through unit renovations and adding additional property amenities, a forecast rent premium of $175 - $325 can be achieved.

2. UNDER MARKET RENTS
Current rents at Burgundy Court are currently on average 20% below nearby competition. A new owner could operate the property as-is and enjoy strong organic growth.

3. PROXIMITY TO EMPLOYMENT AND RETAIL
The properties positioning near Rt 126, the Ronald Reagan Cross County Highway, and I-275, along with the immediate access to a myriad of retail, restaurants and top employers nearby make the property a highly desirable location for tenants.

4. FAVORABLE MARKET FUNDAMENTALS
Cincinnati’s rent growth is currently 9.5% (YOY), submarket vacancy is 4.8% and job growth is projected to be 2.6%. These fundamentals along with Cincinnati’s diverse economy make it well-positioned for both short and long-term growth.

5. IDEAL UNIT MIX COUPLED WITH OPERATING EFFICIENCY UPSIDE
Burgundy Court is a quality asset with an ideal unit mix including 62 sought after 3BR Townhomes. Additional growth can be achieved by adding additional amenities and cost saving opportunities such as implementing a bulk internet/cable package & energy saving LED lighting.
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Burgundy Court
Offers Due:  Thursday, September 29, 2022
234 Units
3295 Rocker Dr.
Cincinnati, OH  45239
Type: Conventional
Posted: 8/22/2022
The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of Lake Pioneer Apartments, a 68-unit lakefront apartment community located in Pioneer, Ohio. With demand for quality ‘workforce’ rental units in tertiary markets and the potential to upgrade a portion of interior units make Lake Pioneer Apartments an excellent investment opportunity. There is limited rental inventory and steady rent growth in the Pioneer market, and the property is located with easy access to I-80/I-90, retail & restaurants. These factors coupled with a strong surrounding ‘workforce’ demographic profile, have led to a stable historical property performance enabling a new owner to push rents moving forward..

1. HIGH DEMAND MARKET
Lack of ‘workforce’ housing in the area results in consistent 100% occupancy for Lake Pioneer Apartments. New owner will be able to push rents on a consistent basis along with ability to develop additional units on vacant land.

2 . EMPLOYMENT GROWTH
The asset is located 10 minutes away from I-80 / I-90 and 2 major employers, Menards Distribution Center and Wieland Chase employing over 1,600 along with numerous additional employment hubs nearby.

3 VALUE ADD OPPORTUNITY
Lake Pioneer Apartments is an excellent opportunity to acquire a value-add asset. New ownership, due to the lack of available rental product along with investing in a few capital improvements, and minimal interior upgrade, can expect to increase rents up to $100 per month.

4. WATER VIEWS
Majority of the units are located along a large private lake or the St. Joe river offering beautiful and secluded views of nature.
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Pioneer Lake Apartments
68 Units
1000-1095 Lake Shore Dr.
Pioneer, OH  43554
Type: Conventional
Posted: 1/27/2022
Cushman & Wakefield is proud to offer the opportunity to acquire PNC Center at Cascade Plaza located in the heart of Downtown Akron. Constructed in 1969, the 23-story office building is prominently positioned at Cascade Plaza, centrally located along South Main Street. By taking advantage of the momentum in Downtown Akron and pursuing an adaptive reuse plan, the opportunity affords an investor the ability to reposition this iconic property.

1. LOCATION & VISIBILITY
PNC Center at Cascade Plaza is prominently located in the heart of the Akron CBD, which continues to witness private and municipal investment. The property’s strong walkability score and visibility within the CBD are especially attractive for redevelopment possibilities.

2 . ACCESS
The property’s location has nearly instant access to the highway system allowing for convenient access for tenants, residents, and guests.

3 DESIGN
The classic design with window lines on all four sides, providing an abundance of natural light, lends itself well to a variety of uses

4. FLOOR PLANS
The building’s generic floor plan is ideal for an adaptive reuse

5. RECENT UPGRADES
Recent significant upgrades to the HVAC, including new boilers and chillers, and upgrade to LED lighting reduces near-term capital requirement needs

6. UNIVERSITY OF AKRON
Over the past several years the divide between the university and Downtown Akron has been bridged by intentional efforts resulting in a nearly seamless transition between the two areas

7. OPPORTUNITY ZONE LOCATION
Added to the US tax code as part of the Tax Cuts and Jobs Act in December 2017, the goal of the O-Zone program is to incentivize long-term capital investment in designated areas to promote economic development and job creation, specifically through the reallocation of capital gains.
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PNC Center
   
One Cascade Plaza
Akron, OH  44308
Posted: 5/3/2022
Restoration Plaza offers a buyer an opportunity to purchase a 128 - unit Senior Independent Affordable Housing complex with a long-term HAP & 202 PRAC contract. The properties are very well maintained, with strong REAC scores, and are located near major highways and amenities in the Columbus market.

1. HAP & PRAC CONTRACTS
Restoration Plaza I & II consist of 89 units consisting of 79- 1BR & 10 efficiency units that are 100% Project Based Section 8 HAP contract that expires in 2032. Restoration Plaza III is a 39-1BR unit Building under an annual PRAC contract.

2 . STRONG REAC SCORES & OCCUPANCY
Restoration I & II received a REAC score of 89 in January of 2022 and Restoration III in 2019 received a REAC score of 98. Occupancy has historically been near 98% over the past years.

3 WELL MAINTAINED PROPERTY
The community was constructed between 1987-2007 consisting of 3 buildings that are 3-stories each with all brick construction and have been well maintained throughout the years and remain in great condition.

4. NEW DEBT OPPORTUNITY
Restoration I & II offer a buyer an opportunity to place new debt on the asset in order to take advantage of the favorable rate environment. Restoration III was constructed with a Capital Advance Program Loan that will be forgiven as long as housing remains a low-income senior property.

5. CONVENIENT LOCATION
Located North East of Downtown Columbus, residents have easy access to major thoroughfares including I-71. Residents have quick access to shopping, dining and medical facilities throughout the Columbus metro area.
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Under Contract
Restoration Plaza
128 Units
4750-4800 Tamarack Blvd.
Columbus, OH  43229
Type: Affordable Housing
Posted: 3/29/2022
Three Oaks is a rare opportunity to purchase a fully entitled, pad-ready site in a residential redevelopment in the dynamic suburb of Oakley in Cincinnati OH. This development site offers a senior living owner the opportunity to develop a 5.6 +/- acre senior living facility within a beautiful 30-acre master planned community that includes Single Family & Townhome residential along with Class A+ market rate apartments..

1. Three Oaks Master Development
The senior living site is located within Neyer Properties planned Three Oaks mixed-use 30-acre development. Along with Senior Living this new and exciting neighborhood will have a mix of new-urbanism single family residential homes, townhomes and 393 Class A+ apartments..

2 . Fully Entitled Delivered Site
The site is zoned for up to 200 senior units and is fully entitled with a 30% real estate tax abatement for 15 years. The master developer will begin construction on infrastructure in Spring 2022 with anticipated delivery of a pad-ready site, including new public utilities and public roadways in Fall 2022.

3. On Site Amenities
Three Oaks will have numerous on-site amenities including a public park and a multitude green spaces throughout the development along with dog parks and a ½ mile walking trail.

4. Eclectic Urban Neighborhood
The property is centrally located in the Cincinnati market and adjacent to numerous affluent communities. Oakley Station, a 74-acre retail, entertainment and office development is just minutes away and a pedestrian tunnel to provide direct access to Oakley Station is being planned. In addition to Oakley Station there are numerous unique neighborhood establishments.

5. Strong Senior Demographics
Since 2010, the senior population has increased by 9%. The population age 75 and older between 2019 & 2024 is projected to increase by over 13%. In addition, the average household income within a 5-mile radius is over $80,000 per year.
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Three Oaks Senior Site
5.6 Acres
Robertson Ave.
Cincinnati, OH  45209
Type: Land
Posted: 3/2/2022