{"id":1004124150,"date":"2015-07-28T08:50:55","date_gmt":"2015-07-28T16:50:55","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356293"},"modified":"2020-04-21T02:14:19","modified_gmt":"2020-04-21T10:14:19","slug":"dayton-cbd-asset-heads-for-auction-block","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/","title":{"rendered":"Dayton CBD Asset Heads For Auction Block"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">A Dayton office building with upside potential getting ready to to hit the auction block.<\/p>\n<div id=\"attachment_356324\" class=\"wp-caption alignright\" style=\"width: 291px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/111-West-First-Street.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-356324\" title=\"111 West First Street\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/111-West-First-Street.jpg\" alt=\"111 West First Street\" width=\"281\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">111 West First Street<\/p>\n<\/div>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.cbre.com\" target=\"_blank\" rel=\"nofollow\">CBRE<\/a> announced this month that it has been hired to sell the Class B office building at 111 W. 1st St. in an online auction scheduled for August 27. The opening bid will be $295,000. An initial earnest money deposit of $30,000 is required in order to participate at the auction.<\/p>\n<p style=\"text-align: justify;\">CBRE Auction Services, the owner of 111 W. 1st St., an unnamed private equity firm, considers the building a non-strategic asset, said Douglas Johnson, managing director of CBRE Auction Services. The 161,164-square-foot\u00a0property is located at the intersection of 1st and Ludlow Streets, in the northwest quadrant of the Dayton CBD, with access to I-75 and SR 35. At the moment it is only 23 percent occupied; tenants include Fifth Third Bank, Agnes Grill and the law firm of Doll, Jensen &amp; Ford.<\/p>\n<p style=\"text-align: justify;\">The property\u2019s low occupancy offers a potential investor the opportunity to optimize space requirements for new tenants, as well as the flexibility to negotiate rents, according to CBRE. In a recent\u00a0report, <a href=\"https:\/\/dtz.cassidyturley.com\" target=\"_blank\" rel=\"nofollow\">DTZ<\/a> said that the Dayton office market absorbed 37,658 square feet in the second quarter, mostly in Class B buildings. Vacancy has decreased in the past two years and currently sits at 24.5 percent. The overall average asking gross rental rate was $14.56 per square foot in the second quarter, compared to average Class B rents of $13.45 per square foot. DTZ expects rents to remain flat in the near future but also said that continued activity could trigger long-term rent growth.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Dayton office building is getting ready to hit the auction block.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21742],"tags":[],"class_list":["post-1004124150","post","type-post","status-publish","format-standard","hentry","category-cincinnati","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dayton CBD Asset Heads For Auction Block - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dayton CBD Asset Heads For Auction Block\" \/>\n<meta property=\"og:description\" content=\"A Dayton office building is getting ready to hit the auction block.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-28T16:50:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-21T10:14:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/111-West-First-Street.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Dayton CBD Asset Heads For Auction Block\",\"datePublished\":\"2015-07-28T16:50:55+00:00\",\"dateModified\":\"2020-04-21T10:14:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/\"},\"wordCount\":271,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/111-West-First-Street.jpg\",\"articleSection\":[\"Cincinnati\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/\",\"name\":\"Dayton CBD Asset Heads For Auction Block - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/111-West-First-Street.jpg\",\"datePublished\":\"2015-07-28T16:50:55+00:00\",\"dateModified\":\"2020-04-21T10:14:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/111-West-First-Street.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/111-West-First-Street.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dayton-cbd-asset-heads-for-auction-block\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dayton CBD Asset Heads For Auction Block\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\",\"name\":\"Adrian Maties\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"caption\":\"Adrian Maties\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adrianmaties\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dayton CBD Asset Heads For Auction Block - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/","og_locale":"en_US","og_type":"article","og_title":"Dayton CBD Asset Heads For Auction Block","og_description":"A Dayton office building is getting ready to hit the auction block.","og_url":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-07-28T16:50:55+00:00","article_modified_time":"2020-04-21T10:14:19+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/111-West-First-Street.jpg","type":"","width":"","height":""}],"author":"Adrian Maties","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/"},"author":{"name":"Adrian Maties","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109"},"headline":"Dayton CBD Asset Heads For Auction Block","datePublished":"2015-07-28T16:50:55+00:00","dateModified":"2020-04-21T10:14:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/"},"wordCount":271,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/111-West-First-Street.jpg","articleSection":["Cincinnati","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/","url":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/","name":"Dayton CBD Asset Heads For Auction Block - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/111-West-First-Street.jpg","datePublished":"2015-07-28T16:50:55+00:00","dateModified":"2020-04-21T10:14:19+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/111-West-First-Street.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/111-West-First-Street.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/dayton-cbd-asset-heads-for-auction-block\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Dayton CBD Asset Heads For Auction Block"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109","name":"Adrian Maties","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","caption":"Adrian Maties"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/adrianmaties\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004124150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/925"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004124150"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004124150\/revisions"}],"predecessor-version":[{"id":1004421010,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004124150\/revisions\/1004421010"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004124150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004124150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004124150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}