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
Overview
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.
Listing Details MLS# 214015223
Location Property Info
- Original List Price
- 1750000
- Property Sub Type
- Medical
- Street #
- 4461
- Street Name
- Broadway
- County
- Franklin
- State
- OH
- Zip Code
- 43123
- Township
- Jackson
OfficeContract Info
- 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
- Yes
- Total Parking
- 138
- Year Built
- 1997
- Basement
- No
- Lot Size (Side)
- 362
- Acreage
- 2.39
- # of Docks
- 0
- # of Elevators
- 0
- Assoc/Condo Fee
- 0
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/SqFt
- 612.97
Lease Info
- Term Desired
- 5 years
More Information
Suite Info 1
- Suite #
- A
- SQ FT
- 2806
- Date Available
- 2014-03-20
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
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.
Income/Expenses
- Gross Income
- 0
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
Expenses Paid by L
- Building Insurance
- Yes
- Cam
- Yes
- Repairs
- Yes
- RE Taxes
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
T Contracts Directly
- All Utilities
- Yes
- Janitorial
- Yes
Misc Int & Ext Info
- Parking Ratio
- 983
- Ceiling Height Ft
- 12
Construction
- Block
- Yes
Heat Fuel
- Gas
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Heat Type
- Forced Air
- Yes
Electric
- 3 Phase
- Yes
- Single Phase
- Yes
Miscellaneous
- Air Condition
- Yes
- Handicap Access
- Yes
Alternate Uses
- Commercial
- Yes
Building Type
- Multi Tenant
- Yes
Sprinkler
- None
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Printing Services
- No Printing Services
- Yes
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 M Mangas
Last Updated: January - 07 - 2025
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