4461 Broadway, Grove City, OH 43123 (MLS# 214015223)

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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