summit innovation center
TRANSCRIPT
SUMMIT INNOVATION CENTER 9933 Alliance Road | Blue Ash, Ohio
Norm Khoury, CCIM, SIORBrokerage Senior Vice President513 562 [email protected]
Ben DavisBrokerage Associate513 562 [email protected]
John P. Schenk, CCIM, SIORBrokerage Senior Vice President513 562 [email protected]
Summit Innovation Center is Cincinnati’s largest advanced manufacturing facility situated on 14 acres located at 9933 Alliance Road in Blue Ash, Ohio consisting of 200,000 +/- SF industrial facility expandable to 240,000 SF that can accommodate up to 50,000 SF of Office/R&D/Flex BTS.
REDEVELOPMENT OPPORTUNITY/EXISTING MANUFACTURING
BUILDING
• 14+/- acres• 197,329 SF expandable to 240,000 SF• 8 Docks• 2 Drive-Ins• 22’ clear height• All utilities at site
BUILD-TO-SUIT OFFICE
• 50,000 SF• 2-stories• Abundant parking
PROPERTY DETAILS
• Zoning: Summit Park District approved PUD in place
• 5 minutes from I-75, I-71, I-275 & Ronald Reagan Cross County Highway
• Malsbary Connector completed May 2018 with signalized intersection
• Walk to Summit Park in 10 minutes or Downtown Blue Ash in 5 minutes
• Owner willing to BTS/Lease/Sale• Home to Kroger, Ethicon, Cincinnati
Eye Institute, University of Cincinnati & Emsemble
CLICK HERE TO VIEW WEBSITE
EXISTING BUILDING
50’ 100’
50’
BLDGEXPANSION
BLDGEXPANSION
BLDGEXPANSION
PARKINGAREA
LOADING AREA
FUTUREBUILDING
EXISTING ROUNDABOUT
REDEVELOPMENT OPPORTUNITY Future PotentialThe Property’s history complements its future potential. The Property is highly adaptable given that it was originally constructed for a commercial print company that consisted of large scale printing systems and industrial machinery that required mostly open area and high ceilings.
Highly Adapable PropertyThe Property is highly adaptable given that is was originally constructed for a commercial print com-pany that consisted of large scale printing systems and industrial machinery that required mostly open area and high ceilings.
• Open Areas: Large column spacing provides for open areas and flexibility
• Heavy Power: Able to accommodate high consumption electrical users (4,500 Amps, 3-Phase)
• Ceiling Heights: Flexibility in ceiling heights allow for office, R&D and warehousing
• Reinforced Foundation: Crucial for advanced precision machinery
• Rail Spur: Important for production and ship-ment of materials
• Expansion Capability: 14 acres provides sub-stantial future expansion capability
• Skilled Workforce: Blue Ash has a proven, skilled and educated workforce
Adaptive Reuse Benefits• Cost savings• Time-to-market• Acceptable zoning• Existing infrastructure• Availability of incentives and sustainability
credits• Expansion ability
FUTURE 50,000 SF OFFICE BUILDING
• 50,000 SF build-to-suit office building available• 2-stories• Abundant parking• Permited Uses:
• General Office• Medical• Office/Clinical
FUTURE BUILDING50,000 SF
• Research & Development• Educational, Trade & Vocational Training• Conference Center• Data Processing & Computer Center• Structure Parking
High BayLow BayO�ceMezzanine
Space Type
A
16,531 SF12,874 SF21,788 SF5,882 SF2,977 SF2,977 SF16,277 SF35,850 SF35,938 SF22,609 SF23,626 SF
197,329 SF
AB
I
Total
H
J
GFE2E1DC
C
F
E1
E2
D
B
HG
JI
FREESTANDING INDUSTRIAL BUILDING • 197,329 Total SF• 29,405 SF office• 167,924 SF warehouse• 14 +/- acres• Divisible into multiple buildings• All utilities at site• Zoning Summit Park District•
Site ReadinessGreater Cincinnati lacks developable sites for advanced manufacturing. The 200,000 SF building “As Is” is ideal for advanced manufacturing highlighted by its flexi-bility in ceiling heights (14’, 18’ and 22’) and column spacing (44’ W x 48’ D); its accessibility to an active rail spur, which is crucial for production and shipment of materials, sets it apart from many com-peting properties. Furthermore, the site is enhanced by the public roadway improve-ments at the intersection of Malsbary and Alliance Roads.
WHY CINCINNATIGreater Cincinnati spans across 15 counties in Ohio, Kentucky and Indiana and includes over 2.2 million people. The area ranks as the 24th largest metro in the United States and 2nd largest in Ohio. Cincinnati is strategically located in the heart of the Midwest within 600 miles of 65% of the United States population including major cities such as Chicago, Pittsburgh, Cleveland, Columbus, Indianapolis, and Louisville.
Cincinnati’s great transportation and infrastructure helps companies reach 65% of the population within a one day drive.
With nine Fortune 500 companies’ headquartered in the area, Cincinnati is home to more Fortune 500 companies per capita than New York, LA or Chicago. Cincinnati boasts a diverse economy, healthy employment growth, and increasing labor force.
Cincinnati offers popular attractions, world class performing arts, and diverse recreation. The city continues to grow, gaining momentum and making sustainable investments for the future.
#8 Top Place to Visit in the World 2018 – New York Times, 2018
#5 Best City for Economic Development – Site Selection, 2017
#2 Best City for Living a Balanced Life – Magnify Money, 2018
#9 Best City for Raising a Family – Forbes, 2018
#4 Best City in United States to Start a Business – How to Start an LLC, 2018
#37 Best Metropolitan Area to Live – U.S. News & World Report, 2016
Cincinnati, OH 37 minutes Detroit, MI 3 hours, 39 minutes
Columbus, OH 1 hour, 34 minutes Pittsburgh, PA 4 hours, 24 minutes
Louisville, KY 2 hours, 5 minutes Nashville, TN 4 hours, 37 minutes
Indianapolis, IN 2 hours, 6 minutes Chicago, IL 4 hours, 53 minutes
St. Louis, MO 5 hours, 33 minutes
MAJOR CITIES WITHIN 600 MILES (DRIVE TIMES)
CINCINNATI
BLUE ASH
MAJOR CITIES WITHIN 600 MILES
THREE-STATE, 15-COUNTY GREATER CINCINNATI REGION
WHY BLUE ASHBLUE ASH OVERVIEW
Blue Ash is strategically positioned near the convergence of interstate highways I-75, I-71 and I-275, in the heart of Cincinnati’s booming and affluent northeast suburbs. We are only 12 miles northeast of downtown Cincinnati, 27 miles northeast of the Cincinnati-Northern Kentucky International Airport and 44 miles south of Dayton.
Blue Ash’s superior location makes it:• Accessible to 20 major U.S. markets with 1 million+ population via a one-day
interstate highway drive or a 90 minute flight• A 20-minute drive to downtown Cincinnati’s business district and cultural
attractions• A 35-minute drive to the Cincinnati/Northern Kentucky International Airport• A 60-minute drive to the Dayton International Airport
• 12 miles northeast of Cincinnati• 20 minutes or less from most area
attractions• Twice named one of the “50
Fabulous Places to Raise Your Family in America”
• 35 minutes to nearly 170 daily flights to 55 cities nonstop
• Instant access to I-275, I-71, I-75 and the Ronald Reagan Cross County Highway
• Residential population: 12,000• Daytime population (estimate):
40,000
• Businesses: 2,300• Land area: 7.7 square miles• Land use: residential (35%),
business (35%) public/other (30%)• Moody’s municipal bond rating: Aa• Served primarily by top rated
Sycamore School District• Extensive municipal recreation
facilities for nature, arts and sports enthusiasts
• Year-round special events programming for entertainment and recreation
BLUE ASH AT A GLANCE:
Square Feet of office space in Blue Ash (the largest suburban office market in the region)
5.5+MILLION
Blue Ash employees40K+
Blue Ash firms made the Inc. 5000 list of fastest growing privately owned companies in 20169
Blue Ash companies, ranging from entrepreneurs and small businesses to Fortune® 500 firms, industry leaders, and foreign-owned enterprises
2,300+
#2Greater Cincinnati is one of the top places in the nation where start-ups thrive (CNN Money) because of its world-class incubators, accelerators and funding sources
#1Greater Cincinnati has the lowest business operating costs in the nation of all cities with populations of two million or more (KPMG Competitive Alternatives Study, 2012)
0% State taxes on profits, new machinery and equipment, inventory, and out-of-state sales in Ohio
Of Industrial space with a 1.9% overall vacancy12.2MSF
Norm Khoury, CCIM, SIORBrokerage Senior Vice President513 562 [email protected]
Ben DavisBrokerage Associate513 562 [email protected]
John P. Schenk, CCIM, SIORBrokerage Senior Vice President513 562 [email protected]