Industrial | Cincinnati, OH

Cincinnati

Acquired in late 2018, the Cincinnati industrial portfolio consists of five buildings totaling 669,476 square feet. Five of the buildings are located in the prime West Chester submarket on the north side of the Cincinnati metro area. The remaining two buildings are well-located off of Interstate 71 just east of the Cincinnati/ Northern Kentucky Airport (CVG).

With an average unit size of 45,000 square feet, this portfolio contains in-demand, small-bay warehouses located in attractive infill locations. At the time of purchase, the portfolio was 100% occupied with an average WALT of 3 years. Historical tenant tenure at the portfolio is 7 years.

Cincinnati is a strong and centrally located industrial submarket driven by demand from e-commerce and 3PL occupiers. At the time of acquisition, vacancy rates recorded 4.3%. With this purchase, Westmount has increased its footprint in the Midwest industrial market with a diverse mix of single- and multi-tenant light industrial properties.

 

4613-4633 Dues Dr — Cincinnati, OH Fully Leased

  • Multi-tenant
  • 148,406 total area SF, 5% office finish
  • Constructed in 1971, tilt up construction
  • 22 loading docks, 12 rail doors, 21’ clear height
  • 82 car parking stalls

226-236 Circle Freeway Dr — Cincinnati, OH Fully Leased

  • Multi-tenant
  • 144,675 total area SF, 4% office finish
  • Constructed in 1971, tilt up construction
  • 22 loading docks, 1 drive-in door, 11 rail doors, 20’ clear height
  • 43 car parking stalls

246-256 Circle Freeway Dr — Cincinnati, OH Fully Leased

  • Single-tenant
  • 111,477 total area SF, 1% office finish
  • Constructed in 1970, tilt up construction
  • 24 loading docks, 1 drive-in door, 11 rail doors, 21’ clear height
  • 45 car parking stalls

290-296 Circle Freeway Dr — Cincinnati, OH Fully Leased

  • Single-tenant
  • 111,669 total area SF, 2% office finish
  • Constructed in 1970, tilt up construction
  • 21 loading docks, 1 drive-in door, 11 rail doors, 20’ clear height
  • 41 car parking stalls

338-348 Circle Freeway Dr — Cincinnati, OH Fully Leased

  • Multi-tenant
  • 148,406 total area SF, 5% office finish
  • Constructed in 1971, tilt up construction
  • 22 dock doors, 12 rail doors, 21’ clear height
  • 82 car parking stalls
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