513-509-1156
9435 Waterstone Blvd, Cincinnati, OH for Sale
Office - FOR SALE
1/5
null | Request Cap Rate

9435 Waterstone Blvd
Cincinnati, OH 45249


HIGHLIGHTS

  • Located in Deerfield Township with no earnings tax, offering a financial edge over nearby Mason
  • Set in a wooded, campus-style environment with nearby hospitality and childcare amenities
  • Features 296 surface parking spaces with a 4:1,000 SF ratio—ample for tenants and guests
  • Strong leasing demand for suite sizes under 2,000 SF and around 8,000 SF
  • Anchored by G&J Pepsi, a tenant since 2002 with a lease extended through 2034
  • Just minutes from one of Greater Cincinnati’s largest retail corridors

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One Waterstone Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

296

LAND DETAILS

LAND ACRES

5.71 AC

LAND SF

248,728 SF

ZONING

N/Av, Mason

APN/PARCEL ID

0942397

ASK ABOUT THIS PROPERTY

Michael SullivanCushman & WakefieldMore Info
513-509-1156

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

Michael SullivanCushman & WakefieldMore Info
513-509-1156

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