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255 East 5th Street

Updated Dec 5, 2025

Marcel Arsenault Of Real Capital Solutions Acquires First Financial Center From Eric Banks For $59M
SOLDOffice

Marcel Arsenault Of Real Capital Solutions Acquires First Financial Center From Eric Banks For $59M

255 East 5th Street

$59,000,000

$106/SF

Building Size

553,659 SF

Asset Type

Office

Closing

Nov 27, 2025

About this deal

AI

The office asset involved in this transaction is located at 255 East 5th Street, Cincinnati, OH. The property spans 553,659 square feet and consists of 31 units. It was sold for a transaction amount of $59,000,000, resulting in a price per unit of $1,903,226 and a price per square foot of $107.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $59,000,000
  • Units: 31
  • Price Per Unit: $1,903,226
  • Square Footage: 553,659
  • Price Per Square Foot: $107
  • Buyer: Marcel Arsenault - Real Capital Solutions
  • Seller: Eric Banks - Tolis Advisors
  • Broker: Tom Powers - Cushman & Wakefield

Marcel Arsenault, representing Real Capital Solutions, has acquired the property to advance their office strategy focused on distressed assets. The acquisition adds a Class A office tower with significant tenant occupancy and access to public transit to their portfolio, marking a pivotal deal in the Cincinnati market.

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$59,000,000

$106/SF

Office

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Players

Tom Powers

Cushman & Wakefield

Broker

$59M

vol

1 deal

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Marcel Arsenault

Marcel Arsenault

Real Capital Solutions (RCS)

Buyer

$441.6M

vol

11 deals

Buyer
Real Capital Solutions (RCS)
Real Capital Solutions (RCS)Buyer

Cincinnati Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $106 per square foot on a published $59M for 553,659 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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