Washington Village | Class A Office | Dayton, OH

7777 & 7887 Washington Village Drive, Dayton, OH

Market Price

Price

153,425 sqft

Building Size

80.13%

Occupancy

Gallery
Street
Map
Overview
Building Size
153,425 sqft
Occupancy
80.13%
Class
A
Year Built
1990/1988
Tenancy
Multiple
Floors
3
Parking Spots
738
Description

RI Marketplace Online Auction May 13-15, 2024
Register to Bid on Marketplace:

https://rimarketplace.com/auction/1933/washington-village-class-a-office-dayton-oh?utm_source=brevitas&utm_medium=listing&utm_campaign=office_1933

Jones Lang LaSalle, in conjunction with RI Marketplace, is pleased to present for sale 7777 & 7887 Washington Village Drive, an office complex consisting of two, Class A boutique office buildings located in Dayton, Ohio. With 4.8 years of remaining weighted average lease term ("WALT") and at current 80% occupancy, the offering provides in-place cash flow with immediate upside through leasing of approximately 32,000 square feet.

Located in Dayton, Ohio, the Properties benefit from superior accessibility to Columbus and Cincinnati, both within a one hour drive and convenient reach to the entire midwest. The Property has significant potential to further attract and retain high-quality tenants by strategically implementing amenities targeted toward today's most discerning tenants. Paired with its in-place cash flow, the Property offers the exceptionally rare opportunity to create value through lease up.

Thomas Seaman
Auctioneer
OH License: 2007000016

Highlights
  • Strategically located in Dayton, with excellent accessibility to Columbus, Cincinnati and the entire midwest
  • Balanced tenancy and rent roll with no single tenant accounting for more than 11% of RSF
  • Institutionally maintained buildings with adaptable floorplates
  • Dayton maintains a strong job market attracting businesses focused on manufacturing, distribution and logistics for the region.
  • Dayton is also home to Wright-Patterson Air Force base, which attracts and supports significant economic activity
  • Substantial value enhancement opportunity through continued lease-up
Documents
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Location
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