Apple Valley Office Center

Beavercreek | Ohio

Offering Summary

  • Status: just listed
  • Price: $6,460,000
  • Cap Rate: 8.00%
  • GLA: 133,675 SF
  • Net Operating Income: $518,913
  • Price/SF: $48.33
  • Lot Size (Acres): 13.83
  • Major Tenants: HII | Alion | MacAulay-Brown; Dine' Development Corp; Trulogic, Inc; Infinitetactics, LLC; TACG, LLC
  • 62% Occupied, 133,675 SF Value-Add Portfolio of Three Suburban Office Buildings in Beavercreek, Ohio (Dayton MSA)
  • Offering Consists of a Single-Story, Single-Tenant Office Building, a 2-Story Available Office Building, and a 3-Story Multi-Tenant Office Building
  • Priced Well-Below Replacement Cost at $48/SF and an 8% CAP Rate on the In-Place NOI
  • Apple Valley I – 58,259 SF (44% of RBA) on Three Floors with a Mix of Mostly Gov’t/Defense Contractors and Upside via 36% Vacancy Across 9 Suites
  • Apple Valley II – 29,916 SF (22% of RBA) on Two Floors – Fully Available Former Northrup Grumman Facility Posing an Immediate Lease-up Opportunity for a Single-Tenant/Corporate Relocation or Two Full Floor (± 15,000 SF) Occupants
  • Apple Valley III Features Department of Defense Building Protocols Ideal for Gov’t/DOD Contractors
  • Located 6 Miles (9 Minute Drive) from 8,000-Acre Wright-Patterson Air Force Base – One of the Largest and Most Important Bases in the Air Force with 47,000 Aircraft Operations Annually
  • Wright-Patterson is the Largest Single Site Employer in State of Ohio with 30,000+ Employees; $4.2 Billion Annual Economic Impact
  • Air Force Base Creates Consistent Demand for Office Space for Private Government and Defense Contractors, as well as Other Businesses that do Business with the Air Force Base or its 30,000 Employees
  • Part of the Apple Valley Office Park & Research Boulevard Office Corridor with Nearby Tenants Including Northrup Grumman, The Goodard School, Home Services Title, Resonant Sciences, Spectral Energies, Cal Tech Process Management, All Service Plastic Moulding, Unison Industries and More
  • Located 1.8 Miles from Highway 35 Exit Ramps with 44,070 VPD and 3 Miles from I-675 Exit Ramps with 78,580 VPD
  • Dense Middle-Income Suburban Demographics: 63,879 Residents within Three Miles and 178,555 Residents within Five Miles, AHHI of $80-92K within All Radius Rings
  • Dayton MSA – 4th Largest Metro in Ohio Home to a Population of 808,000, 1 Hour to Columbus, 1 Hour to Cincinnati, 1.5 Hours to Indianapolis

Erin Patton

Senior Managing Director