Non-Performing Note Sale: Lake Forest Place | Cincinnati MSA Office Opportunity

Starting Bid: $2,500,000

Auctioneer: Thomas Seaman

Auctioneer Company: Auctioneer

Auctioneer License: 2007000016

• Corporate Employers, Wealth, and Housing: Blue Ash benefits from a strong concentration of corporate employers, executive housing, and wealth.

• Cincinnati's Leading Suburban Office Market: Lake Forest Place is located in Cincinnati's leading suburban office market, in Blue Ash, Ohio.

• Excellent Access to I-71, I-275, Reagan Hwy: The Property offers excellent access to I-71, I-275, and the Ronald Reagan Cross County Highway.

• Surrounded by Dining, Retail, and Hotels: Lake Forest Place is surrounded by dining, retail, hotels, and recreation in Blue Ash.

Brokered by Friedman Real Estate and powered by RealINSIGHT Marketplace, 4445 Lake Forest Drive is the collateral for the sale of a $16.3 million non-performing loan (the "Loan") secured by a first-lien mortgage on Lake Forest Place, a 305,001-square-foot, Class B office building located in Blue Ash, Ohio. The fixed-rate Loan bears interest at 4.499% and matured on September 5, 2025. Situated in the heart of Blue Ash's established corporate corridor, the Property benefits from convenient access to I-71, I-275 and the Ronald Reagan Cross County Highway, affluent surrounding demographics, and proximity to Summit Park and the area's growing collection of restaurants, retail and recreational amenities. The offering presents investors with the opportunity to acquire a non-performing loan secured by a well-positioned, cash-flowing office asset in one of Greater Cincinnati's most established suburban office markets.

View details and diligence materials on RI Marketplace: