6445 HAMILTON Road, Westerville, OH 43081
$4,547,500
Property Type:
Commercial
Square Footage:
26,510
Lot Size (sq. ft.):
158,558
Status:
Closed
Current Price:
$4,547,500
List Date:
3/12/2018
Last Modified:
1/17/2025
Overview
Description
Recently constructed retail shopping center for sale at the corner of Hamilton & Warner Roads. This center is well positioned for future success as the area continues to rapidly develop. Strategically located less than a half mile to SR-161 and less than 3 miles to I-270, the center reaches the affluent New Albany and Westerville sub-markets. Population growth in the area has increased 49.44% since 2010 and roadway expansion along Hamilton Road will increase traffic counts to over 20,000 cars per day along Hamilton Rd. In addition, in the last five years, nearly 4,000 apartment units and 2,000 single family homes have been built within 2 miles of the center. This 2008 center is being offered at a 6.52% CAP rate. Tenants have signed net-leases providing minimal Landlord responsibilities.
Listing Details MLS# 216036361
Location Property Info
- Original List Price
- 5300000
- Property Sub Type
- Shopping Center
- Street #
- 6445
- Street Name
- HAMILTON
- Street Suffix
- Road
- County
- Franklin
- State
- OH
- Zip Code
- 43081
- Subdiv/Cmplx/Comm
- Albany Place Shopping Center
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2016-10-06
General Property Info
- Total SqFt Available
- 26510
- Bldg Sq Ft
- 26510
- Max Cont Sqft Avail
- 26510
- Minimum Sqft Avail
- 26510
- # of Floors Above Gr
- Yes
- Year Built
- 2008
- Acreage
- 3.64
- # of Docks
- 0
Tax Info
- Parcel #
- 010-278313
- Zoning
- CPD
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2015
- Tax Abatement
- No
Status Change Info
- Under Contract Date
- 2019-09-23
- Sold Date
- 2019-11-15
- Sold Price/SqFt
- 171.54
T Reimburses L
- Curr Yr Est $/SF TRL
- 5.84
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 182.95
- City (Mailing Addr)
- Westerville
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 0
Remarks & Misc
- Property Description
- Recently constructed retail shopping center for sale at the corner of Hamilton & Warner Roads. This center is well positioned for future success as the area continues to rapidly develop. Strategically located less than a half mile to SR-161 and less than 3 miles to I-270, the center reaches the affluent New Albany and Westerville sub-markets. Population growth in the area has increased 49.44% since 2010 and roadway expansion along Hamilton Road will increase traffic counts to over 20,000 cars per day along Hamilton Rd. In addition, in the last five years, nearly 4,000 apartment units and 2,000 single family homes have been built within 2 miles of the center. This 2008 center is being offered at a 6.52% CAP rate. Tenants have signed net-leases providing minimal Landlord responsibilities.
Income/Expenses
- Gross Income
- 471243
- Net Operating Income
- 316294
- Total Expenses
- 154950
Addl Acceptance Cond
- None Known
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
The Robert Weiler Company
Listing Agent:
Alexander N Marsh
Last Updated: January - 17 - 2025
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