AT580

AT580

Cincinnati, OH
Available
  • Property Type: Apartments
  • Year Built : 1973 / 2016
  • Property Size: Retail: 8 street spaces (±33,000 SF), 6 internal plaza spaces (±21,000 SF) | Parking: 405-space subterranean garage | Office: 6 floors of unoccupied space (± 196,000) SF / Multifamily: 179 existing / additional ±120 potential Units

Overview

Capstone is pleased to present AT580, a premier mixed-use building located in the heart of Cincinnati’s central business district. The opportunity presents investors with excellent diversification of cash flow and tremendous value-add upside. The 17-story building is comprised of 179 luxury apartments in the upper floors and annex, six floors of ready-to-convert office space (currently occupied by a paying Fortune 500 tenant), a mix of street-level and skywalk mezzanine retail space, and a five-level, 405-unit subterranean parking garage. The asset is ideally positioned in downtown Cincinnati’s premier location, which is home to eight (8) Fortune 500 headquarters, Wallethub’s Best City for Recent Grads, and walking distance to the MSA’s best entertainment attractions.

Investment Highlights

Value-add of Existing Apartments

Superb Demographics and Premier Location

Repurposing of Under-Utilized Office Space

Diversified Cash Flow

Tax Abatement Incentive

Contact Information

Stash Geleszinski, CCIM Managing Director P: 513.506.2872
O: 800.746.3175 ext. 7005
stash@capstone-companies.com
Nathan Murphy Senior Advisor P: 513.460.5941
O: 800.746.3175 ext. 7007
nathan@capstone-companies.com
Sherief Gouda Senior Advisor P: 513.252.1427
O: 800.746.3175 ext. 7008
sherief@capstone-companies.com
William Thurner Investment Sales Advisor P: 513.364.8600
O: 800.746.3175 ext. 7035
wthurner@capstone-companies.com
Kevin Burns Investment Sales Advisor P: 239.272.1661
O: 800.746.3175 ext. 7039
kburns@capstone-companies.com