FOR SALE

Kenwood Office Park E. Galbraith & Pine Road Kenwood, OH 45236

• Own your office space in Kenwood • Zero personal earnings tax area • Free-standing, single-story buildings • Built by Robert Lucke Group - Cincinnati’s #1 Office Condominium Builder!

• Flexible suite sizes; from 2,500 SF • Customize your interior • 10’ ceilings, High-efficiency HVAC • Convenient parking at your door • Business signage on Galbraith Road

Equity Inc. │ O: 513.336.8765 │ F: 513.336.8775 │ www.equity.net 455 Delta Avenue, Suite 200 │ Cincinnati, OH 45226

The information contained herein has been obtained from the property owner or other sources that we deem reliable. Although we have no reason to doubt its accuracy, no representation or warranty is made regarding the information, and the property is offered “as is”. The submission may be modified or withdrawn at any time by the property owner.

CONTACT: Elaine Gillespie 513.253.3004 egillespie@equity.net

New Office Condominium Complex - One Building Sold! E. Galbraith & Pine Road Kenwood, OH 45236

The information contained herein has been obtained from the property owner or other sources that we deem reliable. Although we have no reason to doubt its accuracy, no representation or warranty is

made regarding the information, and the property is offered “as is”. The submission may be modified or withdrawn at any time by the property owner.

Location and Demographic Summary

Demographics (5 mile radius) 2017

Population 162,208

Households 71,067

Median Household Income $58,114

Average Household Income $84,414

Traffic Counts 2017

Kenwood & Galbraith Road 15,273 cars per day

Galbraith & Pine Road 10,063 cars per day

OFFICE PARK SIGNAGE

SITE

Kenwood Office Park

Kenwood Office Park

Kenwood Professional Office Park

The information contained herein has been obtained from the property owner or other sources that we deem reliable. Although we have no reason to doubt its accuracy, no representation or warranty is

made regarding the information, and the property is offered “as is”. The submission may be modified or withdrawn at any time by the property owner.

MONUMENT SIGNAGE ON GALBRAITH

KENWOOD

OFFICE PARK

Suite 110

Suite 120

Suite 130

Suite 240

Suit

Suite 220

Suite 210

Kenwood Office Park

Brand New Construction!

Size (SF) Shell* Price / SF

Shell Purchase Price

Optional Standard Finish Allowance From Seller**

Total Price w/Standard Finish

Allowance**

Building 1

Suite 110 3,000 $165 $495,000 $120,000 $615,000

Suite 120 3,000 $175 $525,000 $120,000 $645,000

Suite 130 3,000 $170 $570,000 $120,000 $690,000

Entire Building 1 9,000 $170 $1,530,000 $315,000 $1,845,000

Condo Association Fees: $1.95/SF per year

Capital Contribution: One-time charge at closing of $.55/SF to establish a reserve account for the Condominium Association.

*Shell Space Purchasers: Electric service meters are included in the standard finish specifications when unit is sold with Seller completing interior improvements. When unit is sold as a shell, with Purchaser completing interior improvements, Purchasers pay service price for this meter, based on proportionate size of suite in building.

Price per 3,000 SF unit is $2,276.

Others are proportionate to electric meter total.

**Standard Finish Allowance: This allowance is based on a specification sheet from seller. Actual cost for customized plan may vary.

Kenwood Office Park

The information contained herein has been obtained from the property owner or other sources that we deem reliable. Although we have no reason to doubt its accuracy, no representation or warranty is

made regarding the information, and the property is offered “as is”. The submission may be modified or withdrawn at any time by the property owner.

Why Buy Now vs Leasing

KENWOOD OFFICE PARK

4,500 SF

Pricing includes $40/sf of Standard Tenant Finish Specifications.

4,500 @

Price /SF $ 210.00 = $ 945,000.00 Purchase Price

15% $ 141,750.00 15% Down payment

$ 803,250.00 Loan at 4.5% on 20 year amortization schedule

$ 5,081.76 Monthly mortgage payment

$ 60,981.12 Annual mortgage payment

$ 13.55 Fixed Cost per SF for 20 yrs for Mortgage pmt compared to a lease payment of $17.00/sf that increases annually

$ 5.95

Operating Expenses including Condo Assn fees and real estate tax estimate that utilities paid directly to Duke Energy and janitorial costs paid regardless of lease or purchase are typically paid in Class A buildings regardless of lease or purchase

$ 19.50

• Downpayments made to Seller and Lender for purchase are not just cash out the door. They are accrued to your net worth as equity from the start.

• Pay rent to yourself and increase your own net worth, painlessly building another asset while running your business.

• Financial planners recommend that you invest in businesses that you know. This is likely to be the best investment you can make in any economic conditions.

$ 141,750.00 Down payments made to purchase count as your equity instead of benefitting your Landlord

$ 316,158.00 Principal Paydown in Ten Years on the loan above

$ 457,908.00 Increase in your Net Worth with Zero Appreciation in Real Estate Value at end of 10 years

A 2% annual increase in real estate value over ten years adds another $189,000 to your net worth.

Other tax advantages such as interest payment deductions and depreciation will also have a positive impact on your financial picture.

Kenwood Office Park

9,0

00 S

F A

va

ila

ble

The information contained herein has been obtained from the property owner or other sources that we deem reliable. Although we have no reason to doubt its accuracy, no representation or warranty is

made regarding the information, and the property is offered “as is”. The submission may be modified or withdrawn at any time by the property owner.

Robert Lucke Group - Custom Finishes - General and Medical Office

Kenwood Office Park