4461 Broadway, Grove City, OH 43123

$1,720,000
Property Type: Commercial Lease Square Footage: 14,044 Lot Size (sq. ft.): 104,108 Status: Closed
Current Price: $1,720,000 List Date: 3/20/2014 Last Modified: 1/07/2025

Description

This property is a medical office building/investment opportunity available for sale. This multi-tenant single story facility is conveniently located in Grove City, OH (suburb of Columbus) on US 62/SR 3, approximately 2.5 miles south of I-270. There are currently 3 medical tenants in place with one 2,806 SF suite available for lease at the front of the building with excellent exposure on US 62. The medical building currently has 80% occupancy, offering additional value add potential. All three current tenants are on five year leases at market rents providing excellent cash flow. The asking price provides a capitalization rate of 9+% on the existing NOI at 80% occupancy.

Supplements: ********

More Information MLS# 214015223

Location Property Info

Original List Price: 1750000 Sold Price: $1,720,000 Property Sub Type: Medical Street #: 4461 Street Name: Broadway County: Franklin State: OH Zip Code: 43123 Township: Jackson

OfficeContract Info

Status: Closed MLS Entry Date: 2014-03-20

General Property Info

Total Available Sqft: 2806 Building Sqft: 14044 Max Cont Sqft Avail: 2806 Minimum Sqft Avail: 2806 # of Floors Above Gr: 1 Total Parking: 138 Year Built: 1997 Basement: No Lot Size (Side): 362 Acreage: 2.39

Tax Info

Parcel #: 040-011335 Tax Year: 2012 Taxes (Yrly): 40857

Status Change Info

Under Contract Date: 2014-07-07 Sold Date: 2014-09-04 Sold Price: $1,720,000 Sold Price/SqFt: 612.97

Lease Info

Term Desired: 5 years

Suite Info 1

Suite #: A SQ FT: 2806 Date Available: 2014-03-20

Property Features

Addl Acceptance Cond: None Known Expenses Paid by L: Building Insurance; Cam; Repairs; RE Taxes T Contracts Directly: All Utilities; Janitorial Heat Fuel: Gas Heat Type: Forced Air Electric: 3 Phase; Single Phase Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Building Type: Multi Tenant Construction: Block Sprinkler: None Miscellaneous: Air Condition; Handicap Access Alternate Uses: Commercial MLS Primary PhotoSrc: Realtor Provided Printing Services: No Printing Services
Listing Office: Best Corporate Real Estate
Listing Agent: James Mangas
Last Updated: January - 07 - 2025
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