1905 Balt-Reyn Road, Reynoldsburg, OH 43068 (MLS# 218003891)

$1,550,000

1905 Balt-Reyn Road
Reynoldsburg, OH 43068
MLS# 218003891
Status: Closed
19032 sqft

1 / 7

Property Description
Great Neighborhood Retail Center located on busy State Route 256. Many long-term tenants.

Details

Documents

Location & Property Info

Original List Price: 1550000

Sold Price: $1,475,000

List Price/SqFt: 81.44

Sub-Type: Shopping Center

Street #: 1905

Street Name: Balt-Reyn

Street Suffix: Road

County: Franklin

City (Mailing Addr): Reynoldsburg

State: OH

Zip Code: 43068

Dist To Interchange: 0.8

Corp LimitPerAuditor: Reynoldsburg

Township: Truro

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: 2018-02-13

For Sale: Yes

Exchange: No

For Lease: Yes

Lease Rate $/Sq Ft: 12

General Property Info

Total SqFt Available: 19032

Bldg Sq Ft: 19032

Max Cont Sqft Avail: 19032

Minimum Sqft Avail: 1200

Occupancy Rate: 85

Number of Units: 9

# of Floors Above Gr: 1

Total Parking: 107

Year Built: 1989

Use Code: 425 - NEIGHBORHOOD SHOPPING CTR

Lot Size (Side): 850

Acreage: 3.19

Tax Info

Parcel #: 060-004109

Zoning: CC

Mult Parcels/Sch Dis: No

Tax Year: 2017

Tax Abatement: No

Taxes (Yrly): 43139

Tax Incentive: No

Status Change Info

Under Contract Date: 2018-06-01

Sold Date: 2018-07-02

Sold Price: $1,475,000

Sold Price/SqFt: 77.5

Income/Expenses

Gross Income: 212333.16

Total Expenses: 122043.27

Net Operating Income: 90289.89

T Reimburses L

Curr Yr Est $/SF TRL: 5.5

Lease Info

Term Desired: 3-5 years

Will LL Remodel: No

Pass Exp Over BaseYr: Yes

Suite Info 1

Suite #: 1911

SQ FT: 1200

Misc Int & Ext Info

Bay Size (Width): 20

Bay Size (Depth): 60

Parking Ratio/1000: 9.3

Ceiling Height Ft: 9

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known

T Reimburses L: Building Insurance; Cam; Maint/Repairs; RE Taxes; Utilities

T Contracts Directly: Maint/Repairs; Utilities

Heat Fuel: Gas

Heat Type: Forced Air

Electric: Single Phase

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

Construction: Block; Metal

Sprinkler: None

Mult Use: Office; Retail; Shopping Center

MLS Primary PhotoSrc: Realtor Provided

Listing Office: Polis & Simon, Inc., Realtors

Listing Agent: Joseph Polis

Last Updated: July - 08 - 2018

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

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