500,000 SF ON 45 ACRES
The Opportunity
Newmark (NASDAQ: NMRK) has been exclusively retained to sell the fee simple interest in the three-property portfolio at Glendale Milford Road and Springfield Pike in Woodlawn, Ohio. The property is comprised of two warehouse distribution buildings totaling almost 500,000 SF on two parcels totaling 45 acres, with supporting facilities including a guard booth, truck repair building, truck wash building, cross-dock building, and fuel station. The third parcel on the corner is a restaurant leased month-to-month. The property benefits from its central location inside I-275, traffic signal access at Glendale Milford Road, and proximity to I-75 and I-275.
Total industrial vacancy in Greater Cincinnati has dropped from 5.7% at year-end 2025 to 4.8% in the first quarter of 2026, moving below the long-term average of 5.3% making purchase options of this size and quality extremely limited. This property presents an opportunity to the owner for immediately available space for occupancy, with upside potential for new construction or expansion, generating income through leasing, and development of outlots along the property’s 2,400’ of road frontage.
PARCEL 598-0040-0094-00 0.617 AC
Restaurant1 Glendale Milford Road 1990 1,667 SF
PARCEL 598-0040-0002-00 25.118 AC
Warehouse/Distribution 98 Glendale Milford Road 1951 356,160 SF
Truck Maintenance 98 Glendale Milford Road 1951 19,992 SF
PARCEL 598-0090-0007-00 19.497 AC
Warehouse/Distribution Springfield Pk 1979 140,960 SF
Cross-Dock Springfield Pk 1987 7,518 SF
TOTAL 45.232 AC
526,297 SF
Location
Location Highlights
DEMOGRAPHICS
Population
2020 Population
2025 Population
2030 Population
Annual Growth 2020-2025
Annual Growth 2025-2030
2 Miles
21,072
21,396
21,641
0.3%
0.2%
5 Miles
166,501
166,927
168,591
0.1%
0.2%
10 Miles
736,689
751,248
763,320
0.4%
0.3%
Income
Avg Household Income
Median Household Income
$101,645
$71,814
$92,709
$69,233
$102,547
$73,661
Median Age
40.3
40.2
38.3
Total Daytime Employment
28,923
159,199
438,347
Area Overview
MARKET OVERVIEW
Greater Cincinnati is a diversified, affordable Midwest metro spanning Ohio, Kentucky, and Indiana, anchored by nationally recognized employers, top-tier universities and healthcare systems, and a revitalized urban core. The region’s steady population and job growth, competitive cost of living, and deep talent pipeline support a broad base of industries—from consumer products and finance to healthcare, advanced manufacturing, and technology making it an attractive place to live, work, and invest. Located at the intersection of two rivers, three major interstate highways, two class-A railways, two active Foreign Trade Zones, and one international airport, the Cincinnati region enjoys unbeatable proximity to most major cities within a one-day drive and a globally competitive logistics industry. With DHL and the Amazon Prime Air Hub, the region is one of the most connected and capable places in the world for moving goods.
Area Overview
PREMIER MULTIMODAL LOGISTICS HUB
Greater Cincinnati is one of the premier logistics hubs in the United States, offering multimodal connectivity that allows companies to move goods efficiently by air, truck, rail, and barge. Positioned at the convergence of I-71, I-74, and I-75, the region provides one-day truck access to more than half of the U.S. population, enabling distributors to reach major Midwest, Northeast, and Southeast markets with exceptional speed and cost efficiency. This strategic infrastructure has attracted some of the nation’s largest occupiers, which leverage Cincinnati’s transportation network to support regional, national, and international supply chains. Extensive Class I rail service and direct access to the Ohio River further enhance the market’s ability to accommodate high-volume distribution, manufacturing, and e-commerce operations.
MAJOR CINCINNATI LOGISTICS EMPLOYERS
Area Overview
CINCINNATI STATS
CVG
A key differentiator is Cincinnati/Northern Kentucky International Airport (CVG), one of the most significant cargo gateways in North America. CVG handles approximately 2.1 million tons of cargo annually and ranks as the 6th-largest cargo airport in North America and 12th globally. The airport serves as both Amazon Air’s primary U.S. hub and DHL’s Americas Superhub, creating a logistics ecosystem unmatched by most U.S. markets. This concentration of global logistics infrastructure supports time-sensitive distribution, e-commerce fulfillment, and international trade while reinforcing Cincinnati’s position as a mission-critical supply chain location. For investors and owner-operators, the presence of industry leaders, combined with best-in-class multimodal transportation access, continues to drive strong industrial demand and long-term market growth.
BUSINESS-FRIENDLY TAX ENVIRONMENT
0%
Business Personal Property Tax
Business Inventory Tax
Machinery And Equipment Tax
Premier Manufacturing Hub
The Cincinnati region offers one of the best ecosystems for manufacturers to thrive and grow. Regional growth in manufacturing has more than doubled the national average during the last five years. A fast-growing economy, 24% more workers, and one of the busiest inland ports—combined with skilled talent and strong market access—are just a few of the many reasons employers choose Greater Cincinnati with confidence.
AEROSPACE & AVIATION
Ohio is the birthplace of aviation. Greater Cincinnati is a magnet for aerospace manufacturing innovation, with hundreds of suppliers fueling a booming aerospace manufacturing ecosystem, producing aerospace products and parts at three times the national average thanks to a reliable, resilient supply chain, top-tier aerospace education, and direct access to the sixth-largest cargo hub in the U.S. at CVG Airport.
Premier Manufacturing Hub
AUTOMOTIVE
Ranked among the top three states for automotive manufacturing, Ohio—and Greater Cincinnati in particular—is positioned to support the industry’s next chapter, from electric to autonomous vehicles. Cincinnati gives automotive manufacturers something rare: stability with room to grow. The region sits at the center of major production networks, backed by a strong manufacturing base, abundant and reliable power, flexible labor conditions, and transportation assets that keep supply chains moving.
With certified, development-ready sites and significant industrial redevelopment underway, companies can scale quickly and confidently. Add in a cost-effective workforce and excellent access to markets and suppliers, and Cincinnati becomes a place where operations stay resilient, production stays on schedule, and long-term investments can thrive.
#3
Largest Exporter of Transportation Equipment
96%
of U.S. and Canadian Auto Production Within One-Day Drive
(1,000 KM Radius)
1,189
Business Locations
21,226
Industry Workers
$1.97B
Gross Regional Product (GRP)
NOTABLE AEROSPACE COMPANIES IN THE CINCINNATI REGION
Premier Manufacturing Hub
CHEMICALS AND MATERIALS MANUFACTURING
The Cincinnati region is proven ground to ensure success. Here, chemical and materials companies find the infrastructure to scale, the logistics to move fast, and the talent to keep complex operations running strong. Whether for producing foundational chemicals or next-gen materials for semiconductors, EVs, or sustainable packaging, Greater Cincinnati is a place built to support complex manufacturing, emerging technologies, and the evolving demands of modern supply chains.
Ohio is already the #1 state for polymer and plastics output, and the Cincinnati region stands at the center of that momentum. Chemical manufacturing here is twice as concentrated as the national average.
The region’s workforce is experienced across key segments (basic chemical production, plastics and resins, adhesives, cleaning compounds, and toiletries), making it easy for companies to scale with confidence.
LEADING CHEMICALS & MANUFACTURING COMPANIES IN THE CINCINNATI REGION
#1 Largest State For Polymer And Plastics Outputs
#11 Largest U.S. Metro Exporter Of Chemical Products
601 Business Locations
22,112 Industry Workers
3.2% Growth in Jobs (2019-2024)
$11.69B Gross Regional Product (GRP)
Premier Manufacturing Hub
FOOD, FLAVORING & BEVERAGE
Global market dynamics, technical advances, and ever-evolving consumer preferences continue to drive transformation in food production, which represents a unique marriage of science, technology, agriculture, manufacturing, and marketing. Cincinnati is already home to Kroger, Nestlé Purina and General Mills—alongside urban farming pioneers and startups like 80 Acres Farms. This sector serves as a major economic driver, employing over 22,000 people and job growth currently at 15%.
Companies succeed here because the fundamentals are in place: close proximity to major markets and a robust supply chain, dependable utilities, a skilled workforce, and a culture that invests in innovation. Here, you can access raw materials, develop a brand identity, move products quickly, scale with confidence, and hire the talent you need.
- Adding jobs faster than the national average (1,200 in the past five years).
- Home of the nation’s first fully automated indoor farm (80 Acres Farms).
- Leading in cold storage investments across Ohio.
- Supporting growth through incubators, accelerators and capital networks that invest in farming, food, beverage, and flavor innovations.
- Strengthened by the Cincinnati region’s rising cultural reputation.
- A base to major retail distributors.
475
Business Locations
24,540
Industry Workers
21.7%
Growth in jobs (2019 - 2024)
$3.74B
Gross Regional Product (GRP)
NOTABLE FOOD, FLAVORING & BEVERAGE COMPANIES IN THE CINCINNATI REGION
Market Overview
Historical Construction Deliveries, Net Absorption, and Vacancy
Industrial Average As king Rent, $/SF, NNN
Year-over-Year Asking Rent Growth Rate % Change
Top 10 Industrial Owners (W/D)
Greater Cincinnati Submarket Summary (W/D Class A, B, C)
Warehouse/Distribution (W/D)
Office Service/Flex (OS)
General Industrial (GEN)
Comparable Industrial Sales
PROPERTY ADDRESS
2940 Highland Ave
4330 Winton Rd
4219 State Route 42
10045 International Blvd
119 Northeast Dr
4225 Curliss Ln
BUILDING SF
502,000
338,000
280,000
263,000
257,810
253,566
SALE DATE
7/1/2025
8/5/2024
7/12/2024
1/3/2024
3/2/2026
2/17/2026
SALE PRICE
$18,300,000
$10,500,000
$10,000,000
$12,350,000
$10,750,000
$12,600,000
PRICE PER SF
$36.45
$31.07
$35.71
$46.96
$41.70
$49.69
YEAR BUILT
1969
1959
1969
1986
1993
2000
LAND AREA AC
17.08
13.87
30.63
17.5
9.99
20.1
CEILING HEIGHT
18'
11.5'
18'
22'
25'
25'
COLUMN SPACING
50 x 25'
33' x 33'
50' x 60' & 58' x 25'
50' x 40'
30' x 52.5'
40' x 80'
LOADING DOCKS
4
17
6
9
2
24
DRIVE INS
1
2
1
4
1
6
SALE TYPE
Investor
Investor
Owner User
Investor
Investor
Owner User
SALE TYPE
Investor
Investor
Owner User
Investor
Investor
Owner User
PROPERTY ADDRESS
4000 Precision Dr
1518 Dalton Ave
9933 Alliance Rd
10975 Medallion Dr
1150 Tennessee Ave
4201 Malsbary Rd
BUILDING SF
235,900
217,941
206,485
195,700
156,806
109,615
SALE DATE
10/26/2023
6/28/2024
12/1/2025
2/29/2024
9/27/2023
1/1/2026
SALE PRICE
$10,050,000
$15,000,000
$9,975,000
$13,981,800
$8,500,000
$5,700,000
PRICE PER SF
$42.60
$68.83
$48.31
$71.45
$54.21
$52.00
YEAR BUILT
1985
1982
1973
2001
2000
1979
LAND AREA AC
10.72
11.8
14.5
14.09
7.89
6.27
CEILING HEIGHT
27'
18'
13.5 - 22'
24'
24'
14'
COLUMN SPACING
50' x 40'
40' x 40'
44 x 48
50' x 50'
25' x 59'5"
Varies
LOADING DOCKS
15
7
9
27
6
6
DRIVE INS
1
6
1
2
0
2
SALE TYPE
Investor
Owner User
Owner User
Owner User
Owner User
Owner User
Comparable Industrial Sales - Map
Lease Assumptions
98 Glendale Milford Road Distribution Center
2-3 Tenants
$5.00/SF NNN rent
Springfield Pike Distribution Center
Single Tenant
$5.75/SF - $7.50/SF NNN rent
(DEPENDING UPON INCLUDED TRAILER PARKING)
New Flex or Warehouse Infill Construction On Site
1-3 Tenants
$8.00/SF - $9.00/SF NNN rent
INVESTMENT CONTACTS:
SI PITSTICK, SIOR, CCIM
Executive Managing Director
t 513-508-5014
si.pitstick@nmrk.com
DOUGLAS R. ALTEMUEHLE
Executive Managing Director
t 513-703-9242
doug.altemuehle@nmrk.com
JOSH YOUNG, SIOR
Senior Managing Director
t 513-509-0404
josh.young@nmrk.com
DARIN J. ARMBRUSTER
Managing Director
t 513-864-6632
darin.armbruster@nmrk.com
DEBT AND FINANCE CONTACT:
DANIEL FROMM
Senior Managing Director
t 212-372-0757
daniel.fromm@nmrk.com