5060-5080 BRADENTON Avenue, Dublin, OH 43017
$2,350,000
Property Type:
Office
Square Footage:
15,784
Status:
Closed
Current Price:
$2,350,000
List Date:
11/10/2016
Last Modified:
1/18/2025
Overview
Description
NET LEASE MEDICAL INVESTMENT OPPORTUNITY! Incredible Dublin Medical Market! These properties, service the high income Dublin market and offer great accessibility to I-270. The properties are listed at 7.05% Cap Rate. Average lease term for both buildings is five years and both buildings have long-term tenants in place. Rents are below market, providing tremendous upside. This is a great opportunity for an owner to acquire a net leased property with minimal management responsibilities. Leases are structured with rental increases providing a higher return in years to come.
Listing Details MLS# 216040353
Location Property Info
- Original List Price
- 2500000
- Property Sub Type
- Medical
- Street #
- 5060-5080
- Street Name
- BRADENTON
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43017
- Township
- Washington
OfficeContract Info
- MLS Entry Date
- 2016-11-10
General Property Info
- Total Available Sqft
- 15784
- Building Sqft
- 15784
- Max Cont Sqft Avail
- 8484
- Minimum Sqft Avail
- 15784
- # of Floors Above Gr
- Yes
- Year Built
- 1998
- # of Docks
- 0
- # of Elevators
- 0
Tax Info
- Parcel #
- 273-010031-00
- Zoning
- PCD
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- 273-010592-00
- Tax Year
- 2015
- Taxes (Yrly)
- 31245
Status Change Info
- Under Contract Date
- 2017-07-26
- Sold Date
- 2017-10-04
- Sold Price/SqFt
- 148.88
Auction Info
- Auction/Online BiddingY/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 158.39
- City (Mailing Addr)
- Dublin
- Corp LimitPerAuditor
- Dublin
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 0
Remarks & Misc
- Property Description
- NET LEASE MEDICAL INVESTMENT OPPORTUNITY! Incredible Dublin Medical Market! These properties, service the high income Dublin market and offer great accessibility to I-270. The properties are listed at 7.05% Cap Rate. Average lease term for both buildings is five years and both buildings have long-term tenants in place. Rents are below market, providing tremendous upside. This is a great opportunity for an owner to acquire a net leased property with minimal management responsibilities. Leases are structured with rental increases providing a higher return in years to come.
Income/Expenses
- Gross Income
- 176376
- Net Operating Income
- 172376
- Total Expenses
- 4000
Addl Acceptance Cond
- None Known
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Building Type
- Multi Tenant
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Building Type:
Multi Tenant
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
The Robert Weiler Company
Listing Agent:
Alexander N Marsh
Last Updated: January - 18 - 2025
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