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Centennial Plaza I & III
Cincinnati, OH 45202

Acquired

12/21/1999

Location

Centennial Plaza I & III are located in the heart of Cincinnati`s Central Business District, 100 yards from the entrances to I-75 north and south. Northbound leads to the suburbs of northwest Cincinnati, while the southbound side leads to the International Airport. The building is also directly across the street from Cincinnati City Hall.

Description

Centennial Plaza I & III are two Class A office buildings with a total of 225,000 square feet. Centennial I, built in 1985, is five stories tall with 75,000 square feet of space. Centennial III, built in 1988, is eleven stories tall with 150,000 square feet.

Investment Rationale

Purchased at 50% of replacement cost
High quality, competitively priced alternative to downtown towers
Existing rents at time of purchase were below market; below downtown towers
Significant rent growth required before new construction takes place
Excellent location near highway and directly across the street from Cincinnati City Hall


Fund Ownership

Fund V

Map

For more information regarding properties for sale, please email us at sales@newbostonfund.com or call 1.866.DIAL.NBF