146 Granville Street, Gahanna, OH 43230 (MLS# 216040968)

$1,499,000

146 Granville Street
Gahanna, OH 43230
MLS# 216040968
Status: Closed
9179 sqft

1 / 27

Property Description
8.66% Cap Rate. 100% occupied. 6 tenants (3 have been in place for 13-20+ yrs). Property consists of 2 one-story office buildings (146 & 156 Granville St) built in 1996, totaling 9,179 Sq. Ft. on 0.579 acre lot. Updated HVAC & roof. Tenants include a family real estate office, 2 law firms, a counseling firm, a physical therapy & dentist. Tenants pay electric and gas. Great location in Olde Gahanna on Granville St near Creekside and Mill Street.

Details

Documents

Location & Property Info

Original List Price: 1588000

Sold Price: $1,499,000

List Price/SqFt: 163.31

Sub-Type: Office

Street #: 146

Street Name: Granville

Street Suffix: Street

County: Franklin

City (Mailing Addr): Gahanna

State: OH

Zip Code: 43230

Dist To Intersxn: 1

Corp LimitPerAuditor: Gahanna

Township: Mifflin

Office/Contract Info

Buy Brkr/Tenant Rep: Yes

BB/TR Amount: 3

BB/TR Amount Type: Percent

Sub Agency: No

Sold Non-MLS: No

Status: Closed

MLS Entry Date: 2016-11-16

For Sale: Yes

Exchange: Yes

For Lease: No

General Property Info

Occupancy Rate: 100

Total Available Sqft: 9179

Building Sqft: 9179

# of Floors Above Gr: 1

Total Parking: 36

Use Code: 447 - OFFICE BLDG 1 AND 2 STORY

Year Built: 1996

Basement: No

Acreage: 0.58

Tax Info

Parcel #: 025-000027

Zoning: OG-2

Tax Year: 2015

Tax Abatement: No

Taxes (Yrly): 35172

Status Change Info

Under Contract Date: 2017-06-26

Sold Date: 2017-08-16

Sold Price: $1,499,000

Sold Price/SqFt: 163.31

Income/Expenses

Gross Income: 179775

Total Expenses: 49949

Net Operating Income: 129826

T Reimburses L

Curr Yr Est $/SF TRL: 5.44

Financials

Financials ForYearOf: 2017

Gross Rental Income: 179775

Effective Income: 179775

Expenses

R.E. Taxes: 35172

Property Insurance: 2454

Water Expense: 2235

Contract Svc Expense: 10087

Misc Int & Ext Info

Parking Ratio: 4

Auction Info

Auction/Online BiddingY/N: No

Property Features

Addl Acceptance Cond: None Known

Expenses Paid by L: Building Insurance; Janitorial; Maint/Repairs; RE Taxes

T Reimburses L: Cam

T Contracts Directly: Utilities

Heat Fuel: Gas

Heat Type: Forced Air

Services Available: Electric; Gas; Sanitary Sewer; Storm Sewer; Water

Building Type: Multi Tenant

Construction: Frame; Masonry

Miscellaneous: Air Condition; Handicap Access; Public Transport

New Financing: Conventional

MLS Primary PhotoSrc: Realtor Provided

Listing Office: Howard Hanna Real Estate Svcs

Listing Agent: Douglas Tenenbaum

Last Updated: January - 09 - 2023

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