Single Tenant Medical Building for SALE

For Sale

703 St. Rt. 28, Milford, OH 45150

This Milford property for sale is located at 703 St. Rt. 28. The general use of Single Tenant Medical Building for SALE is office and it incorporates 6,736 square feet of class B office space. The current listed sale price for Single Tenant Medical Building for SALE is $1,365,400. Single Tenant Medical Building for SALE is situated on a lot that is 0.92 acre in size.

Contacts

broker

Chuck Ciolino, CCIM

SVN | Commercial Realty Advisors

(513) 720-1000

Property Details

  • Property Type Office - Medical Office
  • Property Size 6,736 SF
  • Lot Size 0.92 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1950
  • Year Renovated 2023
  • Date Updated Jan 6, 2024
With its strategic location, just 20 miles from Cincinnati, Milford provides easy access to major markets and transportation networks. The business-friendly community embraces innovation and entrepreneurship, fostering a diverse economy across various industries taking advantage of a skilled and educated workforce, along with top-notch educational institutions nearby. Milford's charming small-town atmosphere blends seamlessly with modern amenities, making it an ideal place for work-life balance. From affordable real estate to supportive local government, Milford ensures a conducive business environment for startups and established enterprises alike.SVN is proud to offer for sale 703 St. Rt. 28 in Milford, OH a single-tenant free-standing medical building occupied by ABC Pediatric/Ivy Rehab Network. The Amazon-proof operator of over 540 physical therapy clinics in 15 states, Ivy Rehab is a rapidly growing network of best-in-class outpatient physical, occupational, speech, and ABA therapy clinics. New 7 year NNN lease signed in 2023 with minimal owner expenses. The highly visible location, only a 2-minute drive to the I-275 on-ramp, is in the heart of the Milford submarket of Cincinnati, OH. Five-mile average incomes of $120,000 and a population of 120,400 people offer strong support and growth potential for this site.

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Highlights

  • Single Tenant Freestanding Medical Building
  • Amazon-proof Tenant Ivy Rehab, operator of over 540 Therapy Clinics in 15 states
  • Market Beating 7.5% Cap Rate With 2% Annual Increases
  • Lease Expires 5/31/2030, Replaceable Market Rent
  • Major Building Renovations in 1997, 2016 and 2023
  • Flat .92 acre Site Striped and Sealed in 2023
  • 2 Minute Drive to I-275

Attachments

Getting around

  • 44/100

    Walk Score ®

  • 42/100

    Bike Score ®

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Location

  • City Milford, OH
  • Neighborhood Milford
  • Zip Code 45150
  • Market Cincinnati

Points of Interest

  • Kroger

    0.74 miles

  • Shell

    0.79 miles

  • Speedway

    0.90 miles

  • UDF Fuel

    0.91 miles

  • Sunoco

    1.48 miles

  • UDF Fuel

    1.53 miles

  • UDF Fuel

    1.92 miles

  • BP

    1.96 miles

  • Speedway

    1.96 miles

  • Meijer Gas

    2.12 miles

  • Terrell Park

    1.75 miles

  • Milford Bus Garage

    2.81 miles

  • Church Lot

    5.45 miles

  • School Lot

    5.46 miles

  • The Pit

    5.48 miles

  • Kenwood Towers Parking Garage

    5.71 miles

  • Linda J. Cox Trailside Parking Lot

    5.79 miles

  • East Loveland Avenue Parking Lot

    5.92 miles

  • Blue Ash Park & Ride

    6.66 miles

  • Blue Ash Park & Ride

    6.68 miles

  • Holiday Inn Express

    0.32 miles

  • Homewood Suites by Hilton Cincinnati - Milford

    1.66 miles

  • Tru

    1.89 miles

  • Hampton

    5.58 miles

  • Hannaford Suites

    5.67 miles

  • Holiday Inn & Suites - Cincinnati Eastgate

    5.71 miles

  • Fairfield Inn & Suites Cincinnati Eastgate

    5.73 miles

  • Holiday Inn & Suites – Cincinnati Eastgate

    5.75 miles

  • Hampton Inn Cincinnati-Eastgate

    5.82 miles

  • Comfort Inn & Suites Cincinnati Eastgate

    6.07 miles

  • Big Lots

    0.63 miles

  • Kroger Food & Drug

    0.68 miles

  • Target

    1.42 miles

  • Walmart Supercenter

    1.69 miles

  • Meijer

    2.04 miles

  • Kroger

    2.08 miles

  • Kohl's

    2.47 miles

  • Kroger Food & Drug

    3.39 miles

  • Kroger

    4.85 miles

  • Kroger

    5.43 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Chuck Ciolino, CCIM

SVN | Commercial Realty Advisors

(513) 720-1000