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29236644
29236645

6484 E Main St, Reynoldsburg, OH 43068

ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
GR
NM 49851, NV S.0172059
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$2,566,000
140 days on market
Updated 140 days ago

Stonegate Medical Buildings

Details
Property Type Office
Sub Type Medical Office
Square Footage 12,459
Units 3
Cap Rate 7%
NOI $179,639
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lease Options See OM for details
Price per SqFt $206
Year Built 1989
Buildings 2
Acreage 1.350
Investment Type Net Lease

100% Leased in Columbus MSA | 7.00% CAP | 12,459 SqFt

Marketing description

Marcus & Millichap is pleased to present for sale Stonegate Medical Buildings in Reynoldsburg, OH. The property is 100 percent leased to Novacare, Ivory Home Health, and Central Ohio Surgical Associates.

Reynoldsburg is a city in Fairfield, Franklin, and Licking counties in Ohio. A suburb of Columbus, the city is home to approximately 41,000 residents. The Columbus metro is Ohio’s most populated metropolitan area, composed of 10 counties in the gently rolling hills of central Ohio.

Investment highlights

» 100% Leased Medical Office Buildings within Stonegate Business Center

» New Triple-Net (NNN) Leases with Annual Rental Increases and Options for Renewal

» Dense Trade Area in the Columbus MSA - 237,557 Residents within a 5-Mile Radius

» Adjacent to Kroger Grocery Store and Surrounded by National Retailers: At Home, Dollar Tree, Walgreens, McDonald's, and More

» Easily Accessible Location Along East Main Street (±30,900 Cars per Day), Situated Immediately Off Interstate 270

» Less Than 10 Minutes from Mount Carmel East Medical Center (±419 Beds)

» Average Household Income Exceeds $86,000 within the Surrounding Area

Listing Contacts

ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
GR
NM 49851, NV S.0172059
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$179,639.00
$14,969.92/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Michael Glass
License
BRK.2007005898
Title
Broker of Record
Name
Zack House
License
AZ, OH CO000422000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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