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RealINSIGHT Marketplace and Cushman & Wakefield are pleased to present an opportunity to:

♦ Acquire a Premier Class A office property

 Draft Behind the “Amazon Effect” - the building’s top tenant is a growing service provider

♦ Enjoy Exceptional Support from Anchor Tenants - three anchors total 36% of NRA with 58 months of weighted term remaining

 Strategic Site Location - most prominent site on high ground strategically developed with visibility from miles away

♦ Rare Offering of a cash-flowing asset with a value-add component and quality tenant base, available below replacement cost

This offering presents a unique value-add acquisition opportunity of a premier two building property anchored by several tenants including a tenant with business growth tied to Amazon’s $1.5 billion investment in the submarket. Turfway Ridge is a Class A, multi-tenant suburban office building totaling over 217,000 square feet in the Cincinnati suburb of Florence, Kentucky (the “Property”). The Property is situated adjacent to I-71/75 with outstanding visibility to over 183,000 vehicles per day and approximately five miles from the terminal at Cincinnati International Airport (CVG).

The Property is home to one of the submarket’s first success stories following Amazon’s entrance. Southern Air is a growing commercial cargo airline servicing Amazon and DHL operations at CVG that is anticipated to continue operational expansion. They are a subsidiary of Atlas Air (ticker: AAWW) and currently occupy 37,000 square feet (17.3% of NRA) through August 2021.

Turfway Ridge is currently 81% leased by 16 tenants with a weighted average lease term of 34 months. Anchor tenants include Southern Air, ADP, Central Bank, and the U.S. Department of Veterans Affairs. Amenities immediately available to tenants are found in close proximity along Turfway Road with retail, fitness, dining, hospital/medical and other service related businesses. In addition, the Mall Rd. retail corridor is approximately two miles away and includes the Florence Mall, Krogers, Costco and numerous other retail and service businesses.

The Property is 11 miles SW of Cincinnati's CBD, less than one mile from CVG airport property and five miles from the terminal in a submarket poised for future economic growth surrounding Amazon’s announced $1.5 Billion Prime Hub investment at CVG.

Lamar P. Fisher
License No. 3471

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Turfway Ridge Office Park

7300, 7310 Turfway Road, Florence, KY 41042

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Current Bid: NO BID
Starting Bid: $6,000,000
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Asset Snapshot

  • Asset Type
  • Real Estate
  • Office Type
  • Suburban Office
  • Property Size
  • 217,382 Sq Ft
  • Land Area
  • 14.55 Acres
  • Year Built
  • 1988
  • Year Renovated
  • 2006
  • Number of Floors
  • 5
  • Number of Buildings
  • 2
  • Parking Count
  • 907
  • Occupancy
  • 81.00 %
  • Occupancy as of
  • Feb 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.