outstanding development opportunity outstanding development opportunity 4 cushman wakefield concept...

4.18 Acres | Liberty Township, OH | Multiple Potential Uses

OUTSTANDING DEVELOPMENT OPPORTUNITY

SR 129

LIBERTY WAY

TYLER

S PLACE BLVD

SITE


2 CUSHMAN & WAKEFIELD

CONTACT US

TABLE OF CONTENTS

Offering Summary . . . . . . . . . . . . . . . . . . . . 3

Concept Drawing . . . . . . . . . . . . . . . . . . 4

Location Overview . . . . . . . . . . . . . . . 5

Demographics . . . . . . . . . . . . . . . . .9

OHIO BROKERAGE TEAM

DON MURPHY, CCIMSENIOR DIRECTOR+1 513 763 3008don .murphy@cushwake .com

JORDAN MURPHYASSOCIATE+1 513 763 3026jordan .murphy@cushwake .com

201 E FOURTH STREET, SUITE 1800CINCINNATI, OH 45202PHONE: +1 513 421 4884FAX: +1 513 763 1215multifamily .cushwake .com



OFFERING HIGHLIGHTS

1PRIME LOCATIONLocated in the Southeast corner of the dynamic mixed-use Liberty Center, the largest regional center in the Cincinnati and Dayton region.

2 MULTIPLE USESCurrent PUD would allow land to be developed for several uses, including: hotel, office & entertainment.

3HIGHWAY VISIBILITY Located directly off the I-75 ramp, the site has incredible highway access and visibility along the interstate.

4STRONG DEMOGRAPHICS Over 3,000 people are in a 1-mile radius and over 130,000 people are in a 5-mile radius. The average household income is $152,000. Traffic counts exceeds 25,000 cars daily.

DEVELOPMENT SNAPSHOT

SITE: Liberty Way

ACRES: 4.18

CITY: Liberty Township

COUNTY: Butler

CINCINNATI

75

275

71

74

275

471

75



CONCEPT AERIAL DRAWING

Issue Date:

Checked By:

Drawn by:

Drawing:

Sheet:

Plot

tim

e: J

un 2

1, 2

019

- 11:

25am

Dra

win

g na

me:

J:\2

006\

06F1

34-0

05\A

dmin

\To\

1906

21 C

once

pt to

Ser

dar\1

5M05

3-00

0 O

ptio

n (1

4).d

wg

- Lay

out T

ab: L

ayou

t1

ww

w.b

ayer

beck

er.c

om

Mas

on, O

H 4

5040

- 51

3.33

6.66

0069

00 T

yler

sville

Roa

d, S

uite

A

Item

Rev

isio

n D

escr

iptio

nD

ate

Drw

n:C

hk:

TH

IS D

OC

UM

EN

T A

ND

AL

L R

EL

AT

ED

DE

TA

IL D

RA

WIN

GS

, SP

EC

IFIC

AT

ION

S, A

ND

EL

EC

TR

ON

IC M

ED

IA P

RE

PA

RE

D O

R F

UR

NIS

HE

D B

Y B

AY

ER

BE

CK

ER

(B

B),

AR

E I

NS

TR

UM

EN

TS

OF

BB

'S P

RO

FE

SS

ION

AL

SE

RV

ICE

, A

ND

IS T

HE

EX

CL

US

IVE

PR

OP

ER

TY

OF

BB

. NO

DIS

CL

OS

UR

E, U

SE

, RE

PR

OD

UC

TIO

N, O

R D

UP

LIC

AT

ION

IN W

HO

LE

, O

R I

N P

AR

T, M

AY

BE

MA

DE

WIT

HO

UT

WR

ITT

EN

PE

RM

ISS

ION

OF

BB

, AN

D IS

DO

NE

SO

AT

US

ER

'S S

OL

E R

ISK

. CO

PY

RIG

HT

- A

LL

RIG

HT

S R

ES

ER

VE

D.

4.18Acres



SURROUNDING RETAIL

SR 129

LIBERTY WAY

TYLER

S PLACE BLVD

SITE

OFFICES ATLIBERTY CENTER



CINCINNATI

75

275

71

74

275

471

75



Don Murphy, CCIMSenior Director [email protected]+1 513 763 3008

Liberty Way

Tylersville Road

Cinc

inna

ti-D

ayto

n Rd

But

ler

War

ren

Ro

ad

Liberty Way

Tylersville Road

129

Lakota East High School

Liberty Center1.3M SF Retail

Liberty South

Green Crest Golf Course

Voice of America ParkWetherington Golf Country

Club

Four Bridges Country Club

(Future Site)

Average household income within a 5 mile radius is

over $135,000.

Growing Senior Population

4 Area Hospitals within 1 MileCincinnati Children’s, UC Health West Chester, The

Christ Hospital Outpatient Center, & TriHealth Ambulatory Care Center (Future Site)

Voice of America MetroPark435 Acre park featuring a stocked lake, 9 miles of

natural trails, banquet facility, 22 athletic fields and a new

3,500 SF Fieldhouse

Several Golf Club CommunitiesPrivate and public courses surround the site with

home values in excess of $1Millon.

Over 570,000 residents in Butler & Warren CountiesWarren County is listed as one of the top 100

wealthiest counties in the US. West Chester was ranked 30th as a “Best Places to Live in the U.S”. -

Money Magazine

Multiple Hotels Being Planned2 new hotels being built at the corner of Cox Road &

Liberty Way. Several others in planning stages.

Across from the new Liberty Center1.3 Million Square feet of mixed-use development on

100 Acres. Opened in 2016.

Cox

Ro

ad

125,000 SF300 Employees

50,000 SF100 Employees

• 22 Athletic Fields• 9 Miles of Natural Trails• Stocked Lake• Banquet Facility• New 3,500 SF Fieldhouse

300,000 SF2,000 Employees

100,000 SF500+ Employees

SURROUNDINGS



THE GREATER CINCINNATI MSA

OVERVIEWLocated in the heart of Southwest Ohio, Northern Kentucky and Southeast Indiana, the Greater Cincinnati region consists of 15 counties. The 15-county area covers 4,400 square miles of land and has a total population of 2,179,082 with a civilian workforce of 1.11 million. Named by KPMG as the least costly location to do business among all large U.S. cities, Greater Cincinnati is home to nationally ranked incubators and accelerators and is a hub of innovation for biohealth, food and flavoring, information technology and manufacturing.

FORTUNE 1000 HEADQUARTERS IN GREATER CINCINNATI RANKINGS AND REVENUE IN BILLIONS ($B)

#20 | $121.2B #118 | $25.7B #427 | $7.1B#421 | $7.2B

#459 | $7.2B

#45 | $66.8B #384 | $7.9B

#443 | $6.8B #880 | $2.4B#636 | $3.9B #658 | $3.7B

A large, skilled, qualified labor pool and least costly location make Greater Cincinnati an

ideal place for business.

BUSINESS CLIMATEGreater Cincinnati is the headquarters town for twelve Fortune® 1000 companies. The region supports more than 450 foreign-owned firms and has a thriving entrepreneur ecosystem. Benefits include a pro-business tax structure, financial incentives and a long list of business-friendly resources that nurture companies of all sizes. Site Selection magazine’s 2018 Governor’s Cup rankings has ranked Greater Cincinnati fifth in the nation for attracting and growing new corporate facilities as well as expanding corporate facilities. The region has consistently been in the Top 10 for the past thirteen consecutive years.

Greater Cincinnati’s economy topped $138 billion in 2017, outpacing U.S. growth for the year. The Greater Cincinnati Metro is ranked as the nation’s 29th largest economy in the U.S. and the fourth-fastest growing large metro economy in the Midwest according to the Bureau of Economic Analytics.

FASTEST GROWING MAJOR* MIDWEST ECONOMIES

ClevelandDetroit

IndianapolisCincinnati

MinneapolisColumbus

ChicagoKansas City

MilwaukeeSt. Louis

2.9%

2.7%

2.5%

2.4%

2.2%

2.1%

1.5%

1.2%

1.2%

0.5%

0.5% 1.0% 1.5% 2.0% 2.5%

*Economies $100 Billion or larger in size

#515 | $5.4B

MARKET OVERVIEW



TOP 10 EMPLOYERS (2018)Ranking Top Regional Employers Local Employees

1 Kroger 21,263

2 Cincinnati Children’s Hospital Medical Center 15,872

3 Cincinnati/Northern Kentucky International Airport 12,682

4 TriHealth, Inc. 12,000

5 UC Health 11,241

6 University of Cincinnati 10,551

7 General Electric 10,500

8 Mercy Health 10,442

9 Procter & Gamble Co. 10,000

10 St. Elizabeth Healthcare 8,413

Source: Choose Cincy, Cincinnati Business Courier & REDI Cincinnati

Over 400 Fortune-ranked firms have been drawn into Cincinnati due to the quality of life and business friendly environment, which boasts the lowest effective business tax in the Midwest. In 2018, Surge Cities Index ranked Cincinnati among the top 50 cities to start a new business, and this year, the U.S. Government ranked Cincinnati as the major metro with the lowest cost of living in the U.S. New firms are continually looking to Cincinnati as the ideal location for establishing a regional headquarters. Multiple universities in the immediate area create a constant source of young professionals joining the workforce each year and provide an excellent talent pool for businesses of all types.

25th“This city is a completely different city from just ten

years ago, and those changes have been fast and fascinating, imperative and impressive.”

-Livability.com, 2019

29th120,000 Businesses & 2.18 Million Residents

Ohio is ranked #11 best state in the U.S. for doing business - Area Development, 2018

The 2018 Green Cincinnati Plan includes 80 strategies to reduce Cincinnati's carbon emissions by 80 percent by 2050, with focus areas that include energy, food, transportation, and waste systems - Site Selection

Magazine, 2018

#1

“Cincinnati is number one is its affordability. It has the fourth best score in our affordability index. One

contributing factor is the monthly median rent of just $585.”

- SmartAsset, 2019

#1

LARGEST U.S. METRO

TOP 100 BEST PLACES TO LIVE

MOST SUSTAINABLE METRO IN THE NATION

Ohio’s third-largest city is an active destination for foodies, adventurers, and craft-brew lovers - and it’s one of the most inexpensive cities on our list of U.S.

destinations.”-Money Magazine, 2019

RE

CE

NT

AC

CO

LA

DE

S

#8TEN BEST PLACES IN U.S. TO VISIT IN 2019

BEST CITY FOR NEW COLLEGE GRADS

MARKET OVERVIEW



2018 Estimated Population 3,022 57,552 134,848

2023 Projected Population 3,117 59,927 140,445

2010 Census Population 2,532 53,740 125,316

2000 Census Population 2,269 41,342 97,126

Projected Annual Growth 2018 to 2023 0.6% 0.8% 0.8%

Historical Annual Growth 2000 to 2018 1.8% 2.2% 2.2%

2018 Median Age 40.6 36.9 37.7

2018 Estimated Households 1,131 20,030 48,382

2023 Projected Households 1,153 20,701 50,113

2010 Census Households 922 17,965 43,160

2000 Census Households 741 13,737 32,581

Projected Annual Growth 2018 to 2023 0.4% 0.7% 0.7%

Historical Annual Growth 2000 to 2018 2.9% 2.5% 2.7%

2018 Estimated White 84.0% 79.4% 80.3%

2018 Estimated Black or African American 5.1% 6.4% 6.0%

2018 Estimated Asian or Pacific Islander 8.1% 10.4% 10.4%

2018 Estimated American Indian or Native Alaskan 0.1% 0.1% 0.2%

2018 Estimated Other Races 2.7% 3.6% 3.2%

2018 Estimated Hispanic 2.6% 4.1% 3.7%

2018 Estimated Average Household Income $152,070 $138,082 $135,574

2018 Estimated Median Household Income $118,038 $114,886 $110,640

2018 Estimated Per Capita Income $56,946 $48,087 $48,667

2018 Estimated Elementary (Grade Level 0 to 8) 1.6% 1.4% 1.3%

2018 Estimated Some High School (Grade Level 9 to 11) 1.7% 2.4% 2.5%

2018 Estimated High School Graduate 20.1% 19.9% 18.7%

2018 Estimated Some College 15.8% 15.9% 15.4%

2018 Estimated Associates Degree Only 11.2% 8.1% 7.7%

2018 Estimated Bachelors Degree Only 31.0% 31.5% 32.6%

2018 Estimated Graduate Degree 18.6% 20.9% 21.9%

2018 Estimated Total Businesses 701 2,129 4,765

2018 Estimated Total Employees 8,729 22,228 55,868

2018 Estimated Employee Population per Business 12.5 10.4 11.7

2018 Estimated Residential Population per Business 4.3 27.0 28.3

3-mile radius

5-mile radiusWest Chester, Ohio 45069

SUMMARY PROFILE2000-2010 Census, 2018 Estimates with 2023 Projections

Calculated using Weighted Block Centroid from Block Groups

Prepared by Cushman & Wakefield1-, 3- and 5-mile radii

Lat/Lon: 39.3695/-84.3721

Thi

s re

port

was

pro

duce

d us

ing

data

from

priv

ate

and

gove

rnm

ent s

ourc

es d

eem

ed to

be

relia

ble.

The

info

rmat

ion

here

in is

pro

vide

d w

ithou

t rep

rese

ntat

ion

or w

arra

nty.

POPU

LATI

ON

HO

USE

HO

LDS

RA

CE

AN

D

ETH

NIC

ITY

IN

CO

ME

EDU

CA

TIO

N(A

GE

25+)

BU

SIN

ESS

RS1

Liberty Way & Tylersplace Blvd. 1-mile radius

©2019, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 10/2018, TIGER Geography

DEMOGRAPHICS



CONFIDENTIALITY STATEMENTThis Offering Memorandum (OM) was prepared by Cushman & Wakefield (Broker) and has been reviewed by the Owner. The OM is confidential, furnished solely for the purpose of considering the acquisition of the Property described herein, and is not to be used for any other purpose or made available to any other person without the express written consent of Broker. An opportunity to inspect the Property will be made available to qualified prospective purchasers.

The information contained herein has been obtained from sources deemed reliable, and we have no reason to doubt its accuracy. However, no warranty or representation, expressed or implied, is made by the Owner or Broker or any related entity as to the accuracy or completeness of the information contained herein, including but not limited to financial information and projections, and any engineering and environmental information. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the Property, including such engineering inspections as they deem necessary to determine the condition of the Property and the existence or absence of any potentially hazardous materials used in the construction or maintenance of the building(s) or located at the land site, including but not limited to lead-based products (for compliance with “Target Housing” regulation for multifamily housing constructed prior to 1978), asbestos, etc.

The Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any party at any time with or without notice. The Owner shall have no legal commitment or obligation to any purchaser unless a written agreement for the purchase of the Property has been delivered, approved, and fully executed by the Owner, and any conditions to the Owner’s obligations thereunder have been satisfied or waived. Broker is not authorized to make any representations or agreements on behalf of the Owner. Broker represents the Owner in this transaction and makes no representations, expressed or implied, as to the foregoing matters. The depiction of any persons, entities, signs, logos, or properties (other than Broker’s client and the Property) is incidental only and not intended to connote any affiliation, connection, association, sponsorship, or approval by or between that which is incidentally depicted and Broker or its client.

This OM is the property of Cushman & Wakefield and may be used only by parties approved in writing by Broker. The information is privately offered and, by accepting this OM, the party in possession hereon agrees (i) to return it to Cushman & Wakefield immediately upon request of Broker or the Owner and (ii) that this OM and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this OM may be copied or otherwise reproduced and/or disclosed to anyone without the written authorization of Broker and Owner. The terms and conditions set forth above apply to this OM in its entirety.

©2018 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE.

multifamily.cushwake.com

outstanding development opportunity outstanding development opportunity 4 cushman wakefield concept...

Documents