Properties
Olympic Reserve
2008 Gold Medal Circle, Springfield, OH 45503

Overview
Price: | Subject To Offer |
---|---|
Number of Units: | 44 |
Property Type: | Multifamily |
Year Built: | 2024 |
Highlights
- Brand-New Trophy Asset
- 100% In-Demand Ranch Floorplans with Attached Garages
- Advantageous 100% Tax Abatement In-Place
- Rapid Lease-Up with Zero Concessions
- Expertly Developed by Renowned Local Firm
- 95% Occupied with Rents Well-Below Competitors
- Robust Submarket Fundamentals Supported by Limited New Supply
Description
Olympic Reserve is a brand new, 44-unit Class A asset situated in Springfield, Ohio, a charming college town nestled between Columbus and Dayton. It offers exceptional access to key employment hubs, recreation, and essential retail. With premium condo-quality finishes and 100% in-demand ranch floorplans featuring two-car attached garages, Olympic Reserve is uniquely distinguished in the market, offering built-in protection from new supply threats. Not surprisingly, this exceptional property leased up rapidly, stabilizing in less than five months without offering any concessions. With rents well below those of surrounding competitors, multiple opportunities to drive ancillary income, and no other multifamily properties currently under construction, Olympic Reserve presents an outstanding opportunity for a new owner to achieve tremendous upside with returns rarely seen in core assets. Olympic Reserve is available free and clear.
Location
Located in the heart of Clark County, Ohio, Springfield is strategically positioned just 30 minutes from Dayton, 50 minutes from Columbus, and just over an hour from Cincinnati. Springfield offers businesses lower operational costs while maintaining access to major markets. The city has seen significant investment in industrial parks and infrastructure enhancements over the past decade, further strengthening its appeal as a business-friendly destination. The city’s continued economic investments and pro-business climate position it as a thriving market for long-term growth and investment opportunities.
Springfield features a diverse and expanding economy and is a recognized manufacturing and education hub, while also experiencing notable growth in healthcare and transportation in recent years.
The local employment market remains strong, with a 3.7% unemployment rate (Bureau of Labor Statistics), outperforming the national average of 4.1%. Major employers such as Mercy Health, Honda, Assurant, and Navistar contribute to job stability and economic resilience.
Contact Broker
George Skaff
Vice Chairman
Newmark
Cell | +1(614)398.1094 |
---|---|
Office | +1(614)398.1094 |
Carter Stephens
Managing Director
Newmark
Cell | +1(631)704.2257 |
---|---|
Office | +1(631)704.2257 |
Julie Mickley
Senior Transaction Manager
Newmark
Cell | +1(740)504.6190 |
---|---|
Office | +1(740)504.6190 |
Powered by Buildout