50 Old Village Road, Columbus, OH 43228
$1,130,000
Property Type:
Commercial Lease
Square Footage:
20,076
Lot Size (sq. ft.):
39,640
Status:
Closed
Current Price:
$1,130,000
List Date:
7/07/2015
Last Modified:
1/10/2025
Description
Old Village Professional Building – 20,076 SF two story brick medical office building with long term tenants and many upgrades. Built in 1962 with many upgrades, excellent marquee signage, total wired and wireless connect security system, and electronic locking doors with 16 separate security cameras. 2011 upgrade of T-8 lighting thru-out, 2010 roof replacement, 2005 enlarged parking lot expansion and upgraded landscaping, upgrade phone and IT cabling, 18 electric meters, 18 gas meters with upgrade HVAC units and programmable thermostats, motion lights in bathrooms, with auto flush installations, 2011 total remodel suite (Ohio Health) completed. Handicap ramps installed for both levels, well kept building with many other upgrades and improvements, excellent rental history. 11.1% cap
Supplements: ********
More Information MLS# 215024062
Location & Property Info
List Price/SqFt: 470.25
City (Mailing Addr): Columbus
Corp LimitPerAuditor: None
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: Yes
Lease Rate $/Sq Ft: 12.5
General Property Info
Previous Use: office
Max Cont Sqft Avail: 1933
Minimum Sqft Avail: 672
Occupancy Rate: 87
Total Available Sqft: 2605
Total Parking: 57
# of Docks: 0
Building Sqft: 20076
# of Elevators: 0
# of Floors Above Gr: 1
Year Built: 1962
Acreage: 0.91
Tax Info
Zoning: office
Mult Parcels/Sch Dis: No
Taxes (Yrly): 30767
Parcel #: 240-002305
Tax Year: 2014
Remarks & Misc
Property Description: Old Village Professional Building – 20,076 SF two story brick medical office building with long term tenants and many upgrades. Built in 1962 with many upgrades, excellent marquee signage, total wired and wireless connect security system, and electronic locking doors with 16 separate security cameras. 2011 upgrade of T-8 lighting thru-out, 2010 roof replacement, 2005 enlarged parking lot expansion and upgraded landscaping, upgrade phone and IT cabling, 18 electric meters, 18 gas meters with upgrade HVAC units and programmable thermostats, motion lights in bathrooms, with auto flush installations, 2011 total remodel suite (Ohio Health) completed. Handicap ramps installed for both levels, well kept building with many other upgrades and improvements, excellent rental history. 11.1% cap
Status Change Info
Sold Price/SqFt: 433.78
Under Contract Date: 2017-01-17
Sold Date: 2017-03-03
Sold Price: $1,130,000
Income/Expenses
Gross Income: 244000
Net Operating Income: 74668
Total Expenses: 169332
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Suite Info 3
Suite #: 1
SQ FT: 1933
Auction Info
Auction/Online BiddingY/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1350000
Sold Price: $1,130,000
Property Sub Type: Office
Street #: 50
Street Name: Old Village
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43228
Township: Prairie
OfficeContract Info
Status: Closed
MLS Entry Date: 2015-07-07
Property Features
Addl Acceptance Cond: None Known
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Best Corporate Real Estate
Listing Agent:
Randy J Best
Last Updated: January - 10 - 2025
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