9765 Basil Western Road, Canal Winchester, OH 43110 (MLS# 211005115)

$759,000

9765 Basil Western Road
Canal Winchester, OH 43110
MLS# 211005115
Status: Closed
8000 sqft

1 / 11

Property Description
Single Tenant 10-Year Net Lease to Kinetico Water thru 10/31/2020; 8.75% Starting Cap Rate; increases to 9.23% on 11/2012; then to 9.66% on 11/2015 for remaining 5 years; Landlord only responsible for roof, structural walls, parking lot. Corporate Lease. Parent Co is $2.6B corp. Stable solid investment opportunity

Details

Location & Property Info

Original List Price: 781500

Sold Price: $705,000

List Price/SqFt: 94.88

Sub-Type: Retail

Street #: 9765

Street Name: Basil Western

Street Suffix: Road

County: Fairfield

City (Mailing Addr): Canal Winchester

State: OH

Zip Code: 43110

Dist To Interchange: 0.1

Corp LimitPerAuditor: None

Township: Violet

Office/Contract Info

Buy Brkr/Tenant Rep: No

Sub Agency: No

Sold Non-MLS: No

Status: Closed

MLS Entry Date: 2011-02-17

For Sale: Yes

Exchange: No

For Lease: No

Lease Rate $/Sq Ft: 8.65

General Property Info

Total SqFt Available: 4000

Bldg Sq Ft: 8000

Max Cont Sqft Avail: 8000

Occupancy Rate: 100

Number of Units: 1

# of Floors Above Gr: 1

Year Built: 2000

Use Code: 480 - COMMERCIAL WAREHOUSE

Acreage: 0.91

Tax Info

Parcel #: 0370211926

Zoning: M2

Mult Parcels/Sch Dis: No

Tax Year: 2009

Status Change Info

Under Contract Date: 2012-02-07

Sold Date: 2012-02-14

Sold Price: $705,000

Sold Price/SqFt: 88.12

Income/Expenses

Gross Income: 69228

Net Operating Income: 69228

Misc Int & Ext Info

Drive-In Doors Size: 10x12

Traffic CountPerDay: 38000

Sale Info

Seller Assisted Fin: N

Seller/Buyer Concessions: N

Lease Information

Was Leased: No

Pre-2012

BuyBrkr/TR Pre-2012: 3

Property Features

Addl Acceptance Cond: None Known

T Reimburses L: All

T Contracts Directly: All; Building Insurance; Cam; Janitorial; Maint/Repairs; RE Taxes; Utilities

MLS Primary PhotoSrc: Realtor Provided

Listing Office: Howard Hanna Real Estate Svcs

Listing Agent: Douglas Tenenbaum

Last Updated: January - 09 - 2023

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

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