Offers Due on Tuesday, July 22nd at 3:00 PM
The Owner has requested that offers for One Waterstone Place located in Cincinnati, OH be due by Tuesday, July 22nd at 3:00 PM ET. Submit offers to Mike Sullivan (mike.sullivan@cushwake.com) or Tom Powers (tom.powers@cushwake.com) or via email.
One Waterstone Place is a 74,152-square-foot, three-story office building located in the thriving Mason submarket of Cincinnati, Ohio. Built in 1999 and renovated in 2015, the property sits on 5.71 acres and offers 296 surface parking spaces, providing a generous 4:1,000 parking ratio. Currently 87.27% leased, the building features a weighted average lease term (WALT) of 48 months as of June 2025 and generates an in-place net operating income of $676,722. With nine tenants and a strong leasing history, the asset offers both stability and upside potential.
Investment Highlights
- One Waterstone Place presents a compelling opportunity to acquire a stabilized, income-producing office asset in one of Cincinnati’s most desirable submarkets.
- Strong Financial Profile: 87.27% leased with a diverse tenant mix, In-place NOI: $676,722, WALT: 48 months (as of June 2025), long-term anchor tenant: G&J Pepsi (lease through 2034)
- Strategic Location Advantage: Located in Deerfield Township with no local earnings tax, surrounded by retail, hospitality, and childcare amenities, easy access to I-71, I-75, I-275, and three international airports
- Tenant-Friendly Features: 296 surface parking spaces (4/1,000 SF ratio), campus-style setting with a neighborhood feel, high leasing demand for suite sizes under 2,000 SF and around 8,000 SF
- Market Strength: Situated in the Mason submarket, known for affluent demographics, top-ranked schools, high-quality housing, and well-educated workforce
This asset offers a rare combination of tenant stability, tax efficiency, and location-driven upside—making it a standout investment in the Cincinnati MSA.