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For Auction

Note Sale: Deerfield Crossing I & II | Cincinnati, Class-A

Represented by
CBRE

Asset Snapshot

Note
Asset Type
Office
Property Type
Suburban Office
Office Subtype
1999
Year Built
6
Floor Count
2
Building Count
1,337
Parking Spots
15.87 Acres
Land Area
334,934 SF
Property Size
A
Office Class
Non-Performing
Loan Status
$31,950,000
Original Balance
$28,668,544
Unpaid Balance (UPB)
Origination Date
Maturity Date
4.5%
Loan Rate

Investment Highlights

334,934 SF Class A Prime Office Portfolio
Two-building suburban office campus in Mason, Ohio spans a 15.87-acre development site.
Clear Path to Title via Receivership
Asset is controlled by court appointed Receiver allowing lender access & a clear path to Title
Adjacent to $150M "The District at Deerfield"
The 28-acre mixed-use project delivers 85,000 SF of new street-level retail and dining.
Dwindling Supply of Class A Office Scale
Few opportunities remain nationally to acquire Class A office at this scale with value-add upside.
Built 1999 by Duke Realty on I-71 Node
Portfolio anchors a master-planned office park within the Mason/I-71 suburban submarket.
"The District Residences" | New 286 Units
245 apartments and 41 single-family rentals add new residential density and street traffic.

Offering Summary

Brokered by CBRE and powered by RealINSIGHT Marketplace, Deerfield Crossing I & II at 5181 & 5191 Natorp Boulevard in Mason, Ohio is a 334,934 SF, two-building Class A office portfolio note sale offered via auction. Developed in 1999 by Duke Realty on a 15.87-acre site, the properties are located within the master-planned Deerfield Crossing office park in the Mason/I-71 submarket, a premier suburban commercial market outside Cincinnati. The portfolio is being marketed on behalf of the current noteholder as a secured debt offering rather than a direct real estate sale. The asset sits adjacent to The District at Deerfield, a $150 million, 28-acre mixed-use development delivering 85,000 SF of street-level retail and restaurants, including The Eagle, Bakersfield, Jeni's Ice Creams, and Pins Mechanical Company, alongside 245 apartments, 41 single-family rentals, and Fifty West Brewery. This walkable live-work-play amenity base gives a value-add buyer a clear repositioning narrative to redevelop a scarce Class A suburban office opportunity as national supply of comparable assets continues to shrink.

Due Diligence

Location

Deerfield Crossing I & II are situated at 5181 & 5191 Natorp Boulevard in Mason, Ohio, within the Mason/I-71 submarket just north of Cincinnati. The campus is walkable to The District at Deerfield, a $150 million mixed-use development bringing retail, dining, and residential uses, and sits inside the master-planned Deerfield Crossing office park near Interstate 71.

Transaction Managers

Darlene Johnson
Marketplace
Hampton Gomila
Marketplace

Platform Fee

Buyer pays platform fee at closing.

5% or $25,000 minimum

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Thomas Seaman
Auctioneer
License: 2007000016

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

Auction Opens In
37d 23h 56m 08s
$2,000,000
Starting Bid
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Bidding Opens
Bidding Closes

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.