71,926 Square Foot Office Space For Sale @ 5955 Deerfield Blvd

Deerfield Village Square is a mixed use, retail/office lifestyle center, located at 5939-5955 Deerfield Boulevard in Mason (Cincinnati MSA), Ohio. Constructed in 2008, this Property contains three buildings totaling ±71,926 SF on a ± 4.64 AC parcel with 88 surface parking spaces (1.22/1,000 SF). In addition to Deerfield Village Square’s 88 parking spaces, the Property benefits from a one-way easement with the adjacent Deerfield Towne Center which provides access to and use of the movie theater's 806 parking spaces. Deerfield Village Square is currently ±97.76% occupied with a mix of tenants including Matson Money, Persis Biryani Indian Grill, Coldwell Banker, Altiora Group, Illumination Research, Illumination Works, Gateway Mortgage Group, Pure Barre, Skidaddles, and Terrene Labs. Most tenants are on triple net leases minimizing expense leakage as compared to standard office gross leases with base year stops. There is some value-add through lease-up of the available ±1,608 SF and through upcoming rental bumps and future increases at market rates. Additionally, this asset offers an attractive IO assumable loan (must be assumed) with a competitive interest rate maturing in 2025. Deerfield Village Square is ideally situated in a heavy retail and office corridor with excellent visibility in the Mason-Montgomery corridor just north of I-71. Deerfield Village Square is adjacent to Deerfield Towne Center and is just minutes from the P&G campus and several high-end residential developments like Long Cove, Beacon Hill and Woods on Wilkens. The Property benefits from the pedestrian traffic generated by the adjacent Deerfield Towne Center, Greater Cincinnati’s most prestigious lifestyle center, anchored by Whole Foods Market, Bed Bath & Beyond, Dick’s Sporting Goods, Crunch Fitness, buybuy Baby, Ashley Furniture and Regal Cinema Stadium 16. Located in the affluent community of Mason, the average household income within five miles is ±$108,806 and total annual retail expenditures are ±$1.86 billion, or ±$2,821 per household per month. Deerfield Village Square benefits from its physical location within the Mason-Montgomery trade area, as well as its proximity to the Fields Ertel trade area. The combined submarkets contain ±3.6 million SF of retail and boast occupancy levels over 94%. Notable retail properties in the immediate area include a high volume Walmart (±0.5 mile); Arbor Square, a ±200,000 SF center anchored by Kroger (±1 mile); King’s Auto Mall, the largest auto mall in the Midwest spanning over 25 acres; Waterstone Center, a ±429,748 SF center anchored by Best Buy, Barnes & Noble, Target and Costco (±1.5 miles); and Governor’s Plaza a ±330,000 SF anchored by Kohl’s, OfficeMax, and Big Lots (±1.9 miles).