Commercial Real Estate Development & Acquisition
Birmingham, Alabama | (205) 438-6565
Sanders Capital Partners Acquires Cincinnati Office Building for $3.4 Million
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Birmingham, Ala. – Sanders Capital Partners, LLC (SCP), a Birmingham, Alabama based real estate acquisition and development firm, completed its acquisition of a 21,506-square-foot corporate headquarters in Cincinnati, Ohio for $3.4 million. The property enjoys a long-term lease to Oncology Hematology Care, Inc. (OHC), one of the nation’s largest independent cancer care practices. The Cincinnati office building serves as OHC’s corporate campus, housing both their executive and administrative personnel.
“This is a compelling asset for SCP to own for many reasons, chief among them being the strength of the tenant and their proven commitment to the facility,” said Brooks Sanders, Vice President of Sanders Capital Partners.
“We are particularly enthused to do a sale-leaseback here because it allows us to create an opportunity for the tenant to reallocate their illiquid property towards more mission-critical activities while we benefit from a strong lease and a property with attractive fundamentals.
“While our principals invest in and develop properties throughout the United States, expanding SCP’s footprint outside of Alabama is a move preceded by much careful thought and consideration,” added Sanders.
ABOUT ONCOLOGY HEMATOLOGY CARE, INC. (OHC) Oncology Hematology Care, Inc. is one of the largest independent cancer care practices in the nation that serves in excess of 26,000 patients annually at its 15 locations with the help of 42 physicians and 424 staff members. OHC has been in business for more than 30 years.
ABOUT SANDERS CAPITAL PARTNERS Sanders Capital Partners develops and acquires office buildings, retail centers, strategic land, and light industrial properties throughout the Southeastern United States.
SCP has significant capital and real estate expertise to acquire or develop stabilized incoming-producing assets throughout the Southeast. SCP currently owns properties in Alabama throughout the University of Alabama at Birmingham area, Irondale, Trussville, Forestdale, Rocky Ridge, Greystone, 119 Corridor, and Liberty Park, and in Cincinnati, Ohio. ###
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