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31459260
31459259

37 W Bridge St, Dublin, OH 43017

DS
OH 2018005015
The Westwood Real Estate
Listed by The Westwood Real Estate
$3,950,000
67 days on market
Updated 52 days ago

Old Dublin Firehouse

Details
APN 273-000088-00
Property Type Office
Sub Type Creative Office, Traditional Office
Square Footage 7,092
Units 7
NOI $135,000
Occupancy 100%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 6.23%
Pro-Forma NOI $245,969
Price per SqFt $557
Broker Co-Op Yes
Class B
Year Built 1944
Year Renovated 2021
Buildings 1
Stories 2
Acreage 0.252
Zoning HD-HC Historic District/Historic Core
Parking Spaces 3 spaces
Parking Per SqFt 0.42
Investment Type Stabilized

Office | 0.00% CAP | 7,092 SqFt

Marketing description

Opportunities like this don’t come around often in Historic Dublin. The former Dublin Firehouse offers a unique chance to own a highly visible, fully leased property with immediate income and long-term upside, all in one of the most active and walkable areas in Central Ohio.

Highlights:

• 7,092 SF historic multi-tenant office/retail asset

• 100% occupied with 7 tenants and steady in-place income

• Pro forma supports 7%+ cap rate with NNN structure (See Pro Forma Page 25)

• Walkable location between Old Dublin, Bridge Park, and Riverview Village (and the new Monterey Square when developed).

• 100+ adjacent parking spaces plus 500+ nearby

• Well maintained with minimal near-term capital needs

• Real owner-user optionality with income in place

Investment highlights

See page 25 of the Marketing Package for current and pro forma financials.

Listing Contacts

DS
OH 2018005015
The Westwood Real Estate
Listed by The Westwood Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo

Valuation Metrics

0
DSCR
3.42%
Cap Rate
3.42%
ROI

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Additional Information

Name
Doug Smith
License
2018005015
Brokerage
Westwood Real Estate
Brokerage Address
3914 Brown Park Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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