Cincinnati Office

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the Mill Road Development Site, a ~70-acre land site located in Cincinnati, Ohio. This prime piece of real estate offers a unique opportunity for new owners to capitalize on and expand into the Cincinnati market. Located within a Qualified Census Tract (QCT), new owners can take advantage of various tax credits designed to stimulate development and revitalization in underserved areas. These tax credits can significantly reduce development costs, making Mill Road Development an even more attractive investment proposition. The property also benefits from a comprehensive development plan commissioned by the current ownership. This plan outlines a vision for the site, including a mix of assisted living and senior townhomes. This pre-existing strategy eliminates the substantial time and cost often associated with initial planning and zoning approvals, allowing new owners to accelerate the development timeline and potentially expedite their return on investment. The Mill Road Development Site presents an exceptional opportunity for new owners seeking to capitalize on the advantages of the site being located in a QCT while benefiting from a well-planned and strategically located development site.

In addition to the aforementioned development space, the site also features a 73-unit low income senior apartment building marketed simultaneously but available independently. This property, known as Mill Road Senior Community, consists of one- and twobedroom units with a history of stable occupancy and presents a compelling valueadd opportunity. Mill Road Senior Community benefits from a convenient location near essential amenities, including healthcare facilities, shopping centers, and public transportation, ensuring residents have easy access to daily necessities and services. New owners purchasing both properties are able to access immediate cash flow opportunities while pursuing the development of the remaining acreage.

Located in a Qualified Census Tract (QCT)

Conceptual Site Plans Completed

Opportunity to Re-Syndicate Tax Credits on Low-Income Housing (Senior Community)

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the 224 West Liberty Street property, a prime redevelopment opportunity located in the heart of Cincinnati’s vibrant Over-the-Rhine (OTR) neighborhood. This offering presents a unique chance to acquire a strategically positioned asset in one of the city’s most sought-after districts, renowned for its historic charm, thriving arts and entertainment scene, and strong sense of community. The property benefits from its exceptional walkability to a diverse array of retail, dining, and cultural attractions, including Findlay Market, Washington Park, and Music Hall. With an existing structure ripe for adaptive reuse, 224 West Liberty Street offers multiple redevelopment options for investors seeking to capitalize on the strong demand for residential and commercial space in this dynamic and growing neighborhood. This is an ideal opportunity for those looking to create a landmark project that contributes to the ongoing revitalization of OTR while benefiting from its strong economic fundamentals and unique urban character.

The Cushman & Wakefield Ohio Multifamily Advisory Group is proud to offer the opportunity to acquire 318 W 3rd Street. This 34,000 SF property is a prime redevelopment candidate to take advantage of the ongoing momentum in Downtown Cincinnati. By pursuing an adaptive re-use plan, including the ability to convert a portion of the building into multi-family or hospitality, the opportunity affords an investor the ability to reposition the property to its highest and best use.

INVESTMENT HIGHLIGHTS

Prime Downtown Location Near Numerous Amenities

Multiple Walkable Amenity Centers (78 Walk Score)

Tax Credit Opportunities

Current High-Level Plans for a Boutique Hotel

Developable Rooftop Area

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of Chalfonte Plaza, a 45-unit apartment building located in the Avondale neighborhood of Cincinnati, OH. This offering presents an exceptional opportunity to acquire a stabilized asset with significant upside potential in a rapidly revitalizing neighborhood. Chalfonte Plaza is poised to benefit from the ongoing transformation of Avondale and North Avondale, initiatives such as the redevelopment of the Avondale Town Center, which will bring new retail, housing, and community spaces to the neighborhood. Further enhancing its appeal, Chalfonte Plaza offers residents exceptional connectivity and accessibility to key destinations and amenities, including major public transportation lines, Downtown Cincinnati, and the University of Cincinnati. Chalfonte Plaza has also benefited from a variety of recent capital expenditures including new windows, boilers, water heaters, and heavy unit turns. This combination of factors – a strategic location in a revitalizing neighborhood, excellent connectivity, recent capital improvements, and strong community leadership – creates a compelling investment opportunity with significant potential for appreciation and strong rental income.

INVESTMENT HIGHLIGHTS

Avondale Revitalization

Exceptional Connectivity and Accessibility

Variety of Recent Capital Expenditures

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of Clearpointe Woods, an apartment complex located on Cincinnati’s West Side. This asset offers a compelling opportunity for new ownership to acquire a property with significant upside potential through strategic revenue enhancements. Clearpointe Woods presents an exceptional opportunity to capitalize on immediate upside through a loss-to-lease recapture program, aligning rents with top-performing comparable properties in the immediate vicinity to add $365,000+ to the Effective Gross Income (EGI) annually. Alternatively, the property offers substantial revenue growth potential through full Section 8 conversion. Converting all units to the maximum allowable Section 8 rents is projected to generate over $475,000 in annual EGI, a 32.76% increase over the trailing twelve-month EGI. Either of these two strategies offer significant potential for increased cash flow and property appreciation. Clearpointe Woods presents an exceptional opportunity for new owners seeking to acquire an asset with substantial and readily achievable upside.

INVESTMENT HIGHLIGHTS

Market Rent Loss to Lease Recapture

Full Section 8 Conversion

Westwood Revitalization

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the Clifton Square Apartments, a fully renovated, 100% master-leased community strategically positioned near the University of Cincinnati. This offering presents a rare opportunity to acquire a stabilized asset with predictable cash flow through 2026, backed by a strong institutional tenant in a thriving market. Clifton Square Apartments benefits from its proximity to the University of Cincinnati, a prestigious and expanding Power 4 institution experiencing unprecedented enrollment growth. This surge in students, coupled with the university’s ambitious expansion plans and a shift towards attracting more residential students, has created a critical need for student housing.

This dynamic underscores the growing need for quality off-campus housing options like Clifton Square. Residents can enjoy the vibrant Clifton neighborhood with its wide range of retail shops, restaurants, and entertainment options, all within easy walking distance. Further enhancing its appeal, Clifton Square is located near award-winning hospitals and the Cincinnati Innovation Corridor, a hub for cutting-edge research and technology. This combination of factors creates a highly compelling opportunity with little vacancy risk.

100% MASTER LEASED BY THE UNIVERSITY OF CINCINNATI

UNIVERSITY OF CINCINNATI ENROLLMENT GROWTH

INNOVATION CORRIDOR EXPANSION

NEARBY AWARD WINNING HOSPITALS

OVER $3 MILLION IN RECENT CAPITAL IMPROVEMENTS

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the Compton Road Land Site. This 22-acre site boasts a strategic location surrounded by a variety of amenities, high-income areas, and key transportation routes; all in addition to being in a Qualified Census Tract. These nearby amenities provide a diverse range of shopping centers, grocery stores, entertainment options, and restaurants, all within minutes of the site. Furthermore, the site benefits from strong demographics, with an average household income exceeding $75,000 within a 2-mile radius, indicating a desirable consumer base with significant spending power. Its QCT designation offers potential investors access to valuable tax benefits and incentives, further amplifying its attractiveness.

Enhancing its appeal, the Compton Road Land Site enjoys unparalleled accessibility. Its strategic location near the Ronald Reagan Highway and Interstates 71 and 75 provides seamless connectivity to the greater Cincinnati area. The combination of a thriving retail environment, affluent demographics, superior transportation links, and QCT designation positions the Compton Road Land Site as a highly attractive investment for those seeking to capitalize on Cincinnati’s dynamic market.

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of Eagle Crest Apartments, a well-maintained apartment complex located in Middletown, Ohio. This stabilized asset offers a compelling opportunity for new ownership to acquire a property with significant upside potential in a rapidly growing market. Eagle Crest benefits from a strategic location just two miles from I-75, providing convenient access to both the Cincinnati and Dayton MSAs. This prime positioning ensures convenient commutes for residents employed in either metropolitan area and grants access to a wide array of regional amenities. The property further distinguishes itself through its proximity to major employment hubs, including Cleveland-Cliffs Steel and several prominent medical facilities. In addition to this, Eagle Crest is minutes away from the transformative $200 million Renaissance Pointe Redevelopment, poised to drive significant economic growth and increase demand for housing. Eagle Crest presents an exceptional opportunity for new owners seeking to acquire a stabilized asset with significant upside potential in a strategically located and growing market.

Investment Highlights

Prime Location

Proximity to a Variety of Employment Hubs

Minutes Away from The Renaissance Pointe Redevelopment

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.

Tiller Farms offers a developer an opportunity to create a mixed-use master planned community on 305 acres in a premier Springfield OH location. The site consists of 5 land parcels that ideally are purchased by one developer, but owner may consider offers on separate parcels.

The land is a combination of cleared, flat and gently rolling wooded terrain including a lake. The site is bordered by established high middle-class communities on the northern & eastern borders and The Historic Simon Kenton Inn is contiguous to Tiller Farms along the west border.

Tiller Farms has prominent visibility from Routes 334 & 72 which provides direct access to numerous retail & restaurants. I-70 a major interstate connecting Columbus and Dayton is just a 5-minute drive from the site.

• Potential economic incentives available
• Minutes to numerous restaurants and retail centers
• Adjacent to major highways, including I-70
• Large employees include Navistar Assembly Plant, Mercy Health
Regional Medical Center, Honda EV Battery Plant & Honda Auto Assembly Factory
• Lack of new residential developments in the city of Springfield offers a developer the unique opportunity to provide new housing for an under-served market.

This carefully planned community is developed by Union Village Development Co. and designed by nationally recognized architect, Michael Watkins and inspired by nearby popular and desirable communities such as Hyde Park, Mariemont and Oakwood.

Within the Union Village Development there is an opportunity for a residential apartment developer to construct up to 298 apartment units along with 26,300 square feet of retail space. An existing TIF will provide infrastructure within the development site including utilities, water/sewer, roads and surface parking for the apartment site.

The 1,400-acre Union Village development allows for over 4,000 residential homes and up to one million square feet of commercial space. There are currently over 60 homes under construction and sold, a 22,500 SF, 3-story office & retail building, and a major grocer is under contract for development of a store at the corner of Rt. 63 & Rt. 741. The master development will feature a long list of amenities including a village square, playground, 5 pocket parks, walking trails and a fishing pond. Nearby community amenities include Armco Park just minutes away which is a 300 + acre park, 110-acre lake along with an 18 hole golf course. Kings Island, Little Miami Scenic Trail & the Warren County Sports Park are all within a short drive.

Union Village is at the center of tremendous growth that is occurring between the Greater Cincinnati & Dayton markets. Within minutes residents can access I-75 the major interstate connecting Cincinnati to the south & Dayton to the north and the outer suburbs of both markets are less than a 15-minute drive.

This carefully planned community is developed by Union Village Development Co. and designed by nationally recognized architect, Michael Watkins and inspired by nearby popular and desirable communities such as Hyde Park, Mariemont and Oakwood.

Within the Union Village Development there is an opportunity to construct up to 250 +/- single family build for rent (BFR) units. Along St. Rt. 63 and adjacent to planned major retail center, this site offers a developer an opportunity to capitalize on the demand for Build for Rent units. The demand for BFR housing has steadily increased over the last few years as renters increasingly prefer home-like living without the burden of home ownership. A desire for more space and suburban living has spurred this demand, positioning this site within Union Village as an opportunity with major upside.

The 1,400-acre Union Village development allows for over 4,000 residential homes and up to one million square feet of commercial space. There are currently over 60 homes under construction and sold, a 22,500 SF, 3-story office & retail building, and a major grocer is under contract for development of a store at the corner of Rt. 63 & Rt. 741. The master development will feature a long list of amenities including a village square, playground, 5 pocket parks, walking trails and a fishing pond. Nearby community amenities include Armco Park just minutes away which is a 300 + acre park, 110-acre lake along with an 18 hole golf course. Kings Island, Little Miami Scenic Trail & the Warren County Sports Park are all within a short drive.

Union Village is at the center of tremendous growth that is occurring between the Greater Cincinnati & Dayton markets. Within minutes residents

can access I-75 the major interstate connecting Cincinnati to the south & Dayton to the north and the outer suburbs of both markets are less than a 15-minute drive.