- Government-Anchored Investment: The State of Ohio occupies approximately 8,500 square feet, representing more than 75% of the property’s rentable office space and approximately 66.8% of total property revenue. The government tenancy provides a recognizable anchor and a dependable source of in-place rental income.
- Recent Six-Year Lease Extension: The State of Ohio recently executed a six-year lease extension beginning in 2025. The lease includes 2% rental increases every two years, providing an investor with contractual income growth and reduced near-term rollover exposure from the property’s largest tenant.
- Strong In-Place Cash Flow: The property currently generates approximately $167,990 in annual gross income and an estimated $117,728 in net operating income. The existing income provides immediate cash flow while the remaining vacant office suite offers additional lease-up potential.
