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
List Price/SqFt: 623.66
City (Mailing Addr): Grove City
Corp LimitPerAuditor: Grove City
Dist To Intersxn: 2.5
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: Yes
Lease Rate $/Sq Ft: 16.95
General Property Info
Max Cont Sqft Avail: 2806
Minimum Sqft Avail: 2806
Total Available Sqft: 2806
Total Parking: 138
# of Docks: 0
Building Sqft: 14044
Lot Size (Side): 362
# of Elevators: 0
Assoc/Condo Fee: 0
Basement: No
# of Floors Above Gr: 1
Year Built: 1997
Acreage: 2.39
Tax Info
Taxes (Yrly): 40857
Parcel #: 040-011335
Tax Year: 2012
Remarks & Misc
Property 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.
Status Change Info
Sold Price/SqFt: 612.97
Under Contract Date: 2014-07-07
Sold Date: 2014-09-04
Sold Price: $1,720,000
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
Expenses Paid by L
Building Insurance: 1
Cam: 1
Repairs: 1
RE Taxes: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
T Contracts Directly
All Utilities: 1
Janitorial: 1
Lease Info
Term Desired: 5 years
Suite Info 1
Suite #: A
SQ FT: 2806
Date Available: 2014-03-20
Misc Int & Ext Info
Parking Ratio: 983
Ceiling Height Ft: 12
Construction
Block: 1
Heat Fuel
Gas: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Heat Type
Forced Air: 1
Electric
3 Phase: 1
Single Phase: 1
Miscellaneous
Air Condition: 1
Handicap Access: 1
Alternate Uses
Commercial: 1
Building Type
Multi Tenant: 1
Sprinkler
None: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Printing Services
No Printing Services: 1
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
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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