375 Glensprings Dr - Office FOR SALE


Springdale, OH 45246
$900,000 USD
513-814-0595
375 Glensprings Dr, Springdale, OH for Sale
$900,000 USD
Office - FOR SALE
1/15
null | 7.45% Cap Rate

375 Glensprings Dr
Springdale, OH 45246


HIGHLIGHTS

  • Positioned just off I-275 in the heart of the highly trafficked Tri-County retail hub
  • Flexible layout suitable for a wide range of uses
  • Large surface parking field and multiple ingress/egress points to support high customer convenience

OVERVIEW

The offering consists of a ±36,000 square-foot office building in the heart of the Tri-County market. The property is positioned just off I-275 along a high-visibility commercial corridor and sits directly across from the brand-new Wawa development, a major regional traffic generator. This location benefits from strong daily activity, excellent accessibility, and long-term momentum driven by surrounding retail, medical, and service expansion. The building is occupied by a mix of professional office tenants paying below-market rents, creating a clear value-add opportunity through targeted lease-up, rent growth, and cosmetic or operational enhancements. Its anchor tenant, Velocity Clinical Research, occupies nearly an entire floor and has been in place for more than 20 years, providing exceptional stability and reliable cash flow at approximately $27 per square foot. With durable demand, long-standing tenancy, and meaningful upside through repositioning and rent optimization, this asset offers investors the chance to acquire a well-located office building that delivers both stable in-place income and substantial long-term value creation potential.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$25 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

Office

APN/PARCEL ID

599-0050-0229

ASK ABOUT THIS PROPERTY

David ArnowRath Equity, LTD.More Info
513-814-0595

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David ArnowRath Equity, LTD.More Info
513-814-0595

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.