Listed by Donald R. Kenney and Company
$1,715,000
7420 Worthington Galena Road, Worthington, Ohio 43085
Details
Property Type Office
Sub Type Traditional Office
Square Footage 10,999
Cap Rate 7.42%
NOI $127,308
Tenancy Single
Lease Type NNN
Lease Expiration 06/29/2029
Remaining Term 3.1
Rent Bumps Yes
Price per SqFt $156
Broker Co-Op Yes
Year Built 1971
Buildings 1
Stories 1
Acreage 1.210
Investment Type Net Lease
Office | 7.42% CAP | 10,999 SqFt
Marketing description
Stand-alone single tenant investment opportunity in great location off Worthington-Galena Rd. Updated office buildout as well as small warehouse with overhead door (layout attached). Concrete construction situated on 1.2 acres with +/-60 parking spaces. Current tenant is an IT service provider with lease term running through June of 2029. Current estimated NOI $127,308 (est. 7.42 CAP) and lease available for review on request with NDA. Really nice property!
Listing Contacts
Listed by Donald R. Kenney and Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,308.00
$10,609.00/mo
Valuation Metrics
0
DSCR
7.42%
Cap Rate
7.42%
ROI
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