EXECUTIVE SUMMARY

Cushman & Wakefield’s National Industrial Advisory Group has been retained as exclusive advisor for the sale of the DWR Fulfillment Center (the “Property”), a modern, Class A+ warehouse located at 3001 Afton Drive in Batavia, OH (Cincinnati MSA).


The 730,080 SF facility is 100% leased to Design Within Reach, Inc. (“DWR” and “Tenant”), with the lease fully guaranteed by MillerKnoll, Inc. (NASDAQ: MLKN). Originally delivered in 2019 as a build-to-suit development, the Property was purpose-designed to support the tenant’s national distribution, fulfillment, and inventory management operations.


The Tenant recently expanded the building by 112,320 square feet and executed a new 10-year lease with 3.0% annual escalations through March 2036. Upon completion, the expansion will enhance operational efficiency, increase storage capabilities, and expand outbound distribution capacity.
With modern construction, long-term income durability, and a credit-backed, mission-critical tenant, the DWR Fulfillment Center represents a compelling opportunity to acquire a high-quality institutional asset in Greater Cincinnati.

INVESTMENT HIGHLIGHTS

  • 10-Year Lease with 3.0% Annual Escalations
  • Full Corporate Guaranty by MillerKnoll (NASDAQ: MLKN)
  • Mission-Critical Expansion (112,320 SF) Underway
  • Modern, Institutional-Quality Distribution Facility
  • Strategically Located in East Cincinnati

OFFERING AT A GLANCE

Size: 730,080 SF
# of Buildings: 1
Tenant: Design Within Reach
Guarantor: MillerKnoll (NASDAQ: MLKN)
Leased:

100%

Remaining Term: 9.8 Years
Annual Escalations: 3.0%

 

CONTACTS

ADAM TYLER

Vice Chair
+1 312 470 1840
adam.tyler@cushwake.com

 

MIKE TENTERIS

Vice Chair
+1 312 470 3832
michael.tenteris@cushwake.com

JIM CARPENTER

Vice Chair
+1 312 400 6484
jim.carpenter@cushwake.com

MEGAN BARKER

Director
+1 312 424 8202
megan.barker@cushwake.com

JEFF BENDER, SIOR, CCIM

Executive Vice Chair

+1 513 763 3046

jeff.bender@cushwake.com

 

SEATTLE STEIN

Director

+1 513 763 3027

seattle.stein@cushwake.com 

 

JEFF ALTENAU
Vice Chair
+1 312 470 2355
jeff.altenau@cushwake.com 

ZACH YARNOFF

Managing Director
+1 312 424 8205
zach.yarnoff@cushwake.com