5323-5345 Hendron Road, Groveport, OH 43125 (MLS# 218004187)

$3,865,000

5323-5345 Hendron Road
Groveport, OH 43125
MLS# 218004187
Status: Closed
20064 sqft

1 / 36

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.

Details

Location & Property Info

Original List Price: 3865000

Sold Price: $3,200,000

List Price/SqFt: 1577.55

Sub-Type: Medical

Street #: 5323-5345

Street Name: Hendron

Street Suffix: Road

County: Franklin

City (Mailing Addr): Groveport

State: OH

Zip Code: 43125

Corp LimitPerAuditor: Groveport

Township: Madison

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: 2018-02-15

For Sale: Yes

Exchange: No

For Lease: Yes

Lease Rate $/Sq Ft: 12

General Property Info

Total Available Sqft: 2450

Building Sqft: 20064

Max Cont Sqft Avail: 2450

Minimum Sqft Avail: 2450

# of Floors Above Gr: 1

Year Built: 2004

Acreage: 2.53

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: $3,200,000

Sold Price/SqFt: 1306.12

Income/Expenses

Gross Income: 383514.43

Total Expenses: 60998.04

Net Operating Income: 322516.39

T Reimburses L

Curr Yr Est $/SF TRL: 3.06

Auction Info

Auction/Online BiddingY/N: No

Property Features

Addl Acceptance Cond: None Known

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

MLS Primary PhotoSrc: Realtor Provided

Listing Office: The Robert Weiler Company

Listing Agent: Todd Schiff

Last Updated: September - 04 - 2019

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

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