MSF TRI-COUNTY MALL, CINCINNATI, OH

[MARINA WEAHUNT]

PRICE: 0.3 MSF TRI-COUNTY MALL, CINCINNATI, OH – FOR ASSET FEE SIMPLE – MAY BE NEGOTIABLE

 

PRICE: 0.3 MSF TRI-COUNTY MALL, CINCINNATI, OH – FOR NOTE – MAY BE AVAILABLE AS NOTE SALE

 

UPB: APPROXIMATELY $148,000,000

 

NOI: APPROXIMATELY $6,000,000

 

SELLER: PRIVATE ENTITY

 

AVAILABILITY: Available now on First-Come, First-Served basis – Time-Sensitive Availability.

 

This opportunity is an off market property.

 

For sale the fee simple interest in Tri-County Mall, a 1.3 MSF, enclosed regional mall, located in Springdale (Cincinnati MSA), Ohio.

Maybe available as a note sale.

Unpaid balance is $148M.

Purchase price may be negotiable.

NOI: Approximately $6M.

 

Factors that make this a unique offering that warrants your immediate attention include:

  

·         Dominant Regional Mall: Tri-County Mall is the 2^nd largest regional mall in the Cincinnati’s MSA.

 ·         Anchor Tenants: The Property is anchored by Macy’s, Dillard’s, and Sears. Major tenants include: Abercrombie & Fitch, Ethan Allen, Forever 21, and Victoria’s Secret.

 ·         Strategic Location: The Property is strategically located at the intersection of Interstate 275 (114,944 VPD) and Princeton Pike (40,772 VPD), in the north Cincinnati sub-market.

 ·         Solid Trade Area Demographics: Over 136,000 residents within a 5-mile radius, with an average household income in excess of $72,000, and retail sales of $2.1 Billion dollars.

 ·         Value-Added Opportunity: The Property has an occupancy rate of 88.8%; the 149,678-SF of vacant space provides an investor with substantial upside potential.

·         Strong Retail Submarket: Tri-County Mall is located in a healthy retail trade-area, with an inline occupancy rate of 92+%.

 

Information on Tri-County Mall is being forwarded to a small group of select investors. Please keep this offering confidential.

 

 

Thank you in advance for your consideration of this offering. Please email [e-mail] Call 714-606-6100