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
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2020 Columbus Board of Realtors. All rights reserved.