163 Cypress Street SW, Reynoldsburg, OH 43068 (MLS# 219007340)

$625,000

163 Cypress Street SW
Reynoldsburg, OH 43068
MLS# 219007340
Status: Closed
12000 sqft

1 / 4

Property Description
Great Opportunity to own a quality built 100% occupied six-unit office/ warehouse property. Located in Pataskala corporation limits. All NNN leases, tenants pay electric and gas directly, water is billed back through Guardian. Trash, Lawncare and Maintenance billed back in CAMS. Great tenants with multiple lease extensions.

Details

Location & Property Info

Original List Price: 625000

Sold Price: $605,000

List Price/SqFt: 51.4

Sub-Type: Multiple Use

Street #: 163

Street Name: Cypress

Street Suffix: Street

Street PostDirection: SW

County: Licking

City (Mailing Addr): Reynoldsburg

State: OH

Zip Code: 43068

Subdiv/Cmplx/Comm: Taylor Road Commercial Park

Corp LimitPerAuditor: Pataskala

Township: None

Office/Contract Info

Buy Brkr/Tenant Rep: Yes

BB/TR Amount: 2

BB/TR Amount Type: Percent

Sub Agency: No

Sold Non-MLS: No

Status: Closed

MLS Entry Date: 2019-03-14

For Sale: Yes

Exchange: No

For Lease: No

General Property Info

Total SqFt Available: 12160

Bldg Sq Ft: 12000

Max Cont Sqft Avail: 12160

Occupancy Rate: 100

Number of Units: 6

# of Floors Above Gr: 1

Year Built: 2001

Use Code: 371 - SMALL SHOPS:11-20PERC OFFICE

Acreage: 1.53

Tax Info

Parcel #: 063-141876-00.009

Mult Parcels/Sch Dis: No

Tax Year: 2017

Tax Abatement: No

Taxes (Yrly): 13065

Status Change Info

Under Contract Date: 2019-03-28

Sold Date: 2019-05-17

Sold Price: $605,000

Sold Price/SqFt: 49.75

Income/Expenses

Gross Income: 77560

Total Expenses: 26233

Net Operating Income: 51328

T Reimburses L

Curr Yr Est $/SF TRL: 2.19

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N

Seller/Buyer Concessions: N

Property Features

Addl Acceptance Cond: None Known

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

T Reimburses L: All

T Contracts Directly: Janitorial; Utilities

Heat Fuel: Gas

Heat Type: Forced Air

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

Construction: Block

Sprinkler: None

Mult Use: Automotive; Church; Entertainment; Industrial; Office; Retail

New Financing: Conventional

MLS Primary PhotoSrc: Realtor Provided

Listing Office: New Millennium Realty

Listing Agent: Christopher Zigan

Last Updated: November - 10 - 2021

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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