5323-5345 Hendron Road, Groveport, OH 43125

$3,200,000
Property Type: Commercial Lease Square Footage: 20,064 Lot Size (sq. ft.): 110,207 Status: Closed
Current Price: $3,200,000 List Date: 3/27/2018 Last Modified: 1/25/2025

Overview

Description

GREAT INVESTMENT OPPORTUNITY! As the demand for Medical Office Buildings continues to grow in central Ohio, the Cap rates continue to fall. That is why this one-of-a-kind property is so valuable to investors! Perfect 1031 property and currently 88% occupied with all medical users. Mount Carmel East occupies 50%. 2,450 +/- SF perfect medical/office space available for lease.

Listing Details MLS# 218004187

Location Property Info

Original List Price
3865000
Property Sub Type
Medical
Street #
5323-5345
Street Name
Hendron
Street Suffix
Road
County
Franklin
State
OH
Zip Code
43125
Township
Madison

OfficeContract Info

MLS Entry Date
2018-02-15

General Property Info

Total Available Sqft
2450
Building Sqft
20064
Max Cont Sqft Avail
2450
Minimum Sqft Avail
2450
# of Floors Above Gr
Yes
Year Built
2004
Acreage
2.53
# of Docks
0
# of Elevators
0

Tax Info

Parcel #
185-002878-00
Zoning
SO
Mult Parcels/Sch Dis
No
Tax Year
2017
Tax Abatement
No
Taxes (Yrly)
13396

Status Change Info

Under Contract Date
2018-07-12
Sold Date
2018-09-21
Sold Price/SqFt
1306.12

T Reimburses L

Curr Yr Est $/SF TRL
3.06

More Information

Auction Info

Auction/Online BiddingY/N
No

Location & Property Info

List Price/SqFt
1577.55
City (Mailing Addr)
Groveport
Corp LimitPerAuditor
Groveport

Office/Contract Info

For Sale
Yes
Exchange
No
For Lease
Yes
Lease Rate $/Sq Ft
12

Remarks & Misc

Property Description
GREAT INVESTMENT OPPORTUNITY! As the demand for Medical Office Buildings continues to grow in central Ohio, the Cap rates continue to fall. That is why this one-of-a-kind property is so valuable to investors! Perfect 1031 property and currently 88% occupied with all medical users. Mount Carmel East occupies 50%. 2,450 +/- SF perfect medical/office space available for lease.

Income/Expenses

Gross Income
383514.43
Net Operating Income
322516.39
Total Expenses
60998.04

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: Todd E Schiff
Last Updated: January - 25 - 2025
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