St. Elizabeth Medical Condo Sale

Highlights

• Thomas More University - Ground Lease
• GL Term - 9ea - 10yr Terms
• St. Elizabeth Physicians - Sub-Lease Through 4/30/2025
• +/-$80K in TI
• New Roof 2018
• Newly Replaced Exterior Lighting
• Great Medical Office Corridor

Description

Jake Creviston of SVN Creviston Realty, is pleased to present this excellent opportunity. St. Elizabeth Physicians is the multi-specialty physician organization of St. Elizabeth Healthcare, one of the oldest, largest, and most respected medical providers in the Greater Cincinnati region. With 402 physicians, 202 advanced practice providers, and more than 1,200 non-provider associates, our medical group delivers high levels of patient-centered medical care to residents of Northern Kentucky, Southwest Ohio, and Southeast Indiana. Our network features 131 physician offices conveniently located across the tri-state.

St. Elizabeth Physicians is currently occupying the building. They have already executed their 5th lease renewal over the past +/-20 years extending them through April 30, 2025. The property is on a ground lease with Thomas More College with +/-50 years remaining on the ground lease.

All CAM goes into the Condo Association's checking account which is controlled by the current owner.
CAM Through 4/30/2025 = $2424.24/mo - $29,090.88/annual

Parking lot repaved in 2023 - $32,000

230 Thomas More Parkway is located across the street from the Five Seasons Sports Club and near I-275 and St. Elizabeth Medical Center in Crestview Hills, Kentucky. The medical office building has great visibility and abundant parking. This beautiful business park is home to Thomas More College, great retail stores at the Crestview Hills Town Center, Summit Hills Country Club, and many regional and national restaurants. The site is just 10 minutes to the Cincinnati/Northern Kentucky International Airport (CVG) and 15 minutes to downtown Cincinnati.

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