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11949744
11949745

4015 W Dublin Granville Rd, Dublin, OH 43017

BK
OH 390306, OH 3227132
Alterra Real Estate Advisors
Listed by Alterra Real Estate Advisors
$8,950,000
117 days on market
Updated 19 days ago

Long Term Leased Single Tenant Medical Office Autism Center

Details
Property Type Office
Sub Type Medical Office, Office
Square Footage 50,020
Cap Rate 7.00%
NOI $613,291
Occupancy 90.5%
Tenancy Single
Lease Type Net
Lease Term 11
Remaining Term 9
Rent Bumps Yes
Lease Options Yes
Pro-Forma Cap Rate 8.20%
Price per SqFt $199
Broker Co-Op Yes
Class B
Year Built 1986
Year Renovated 1991
Buildings 1
Stories 2
Acreage 5.000
Zoning BSD-O
Investment Type Value Add

Office | Medical 50,020 SF

Marketing description

Single Tenant Autism Center Long Term Leased and Available for Sale

Cap Rate: 7% at current occupancy, 8.2% at 100% occupancy

Investment highlights

Investment Highlights:

  • Medical office with upside through continued expansion of tenant into the last remaining space. They started in a portion of the building and have consistently expanded. Reach Educational Services has a lease through 2033 and occupies 43,400 SF. Reach Educational Services provides Applied Behavior Analytic (ABA) services to children and adolescence throughout Central Ohio with special needs specializing in autism and associated learning and behavioral differences.

Property Description:

  • Visible to 23,000 vehicles per day on Dublin-Granville Rd.

  • Monument signage on Dublin-Granville Rd.

  • Adjacent to new $300MM Dublin Bridge Park Development.

  • Minutes to Dublin Methodist Hospital.

  • 90.5% of building is leased through 2033.

  • Newer Roof (within the last 7 years).

  • Nearly all HVAC units recently replaced and added solar power and LED lights.

  • Completed PACE energy efficiency project which provides some tax abatement.

Area Description:

  • The property is located in Dublin, Ohio, one of the top communities in Central Ohio, and only 25 minutes to new Intel Plant. https://dublinohiousa.gov/

  • Well located between Sawmill Rd and US 33; 1 mile to Sawmill Rd/I-270

  • interchange.

  • It is home to more than 20 corporate headquarters, an entrepreneurial center, thousands of thriving businesses from start-ups to international corporations, worldclass events and the urban, walkable Bridge Street District.

  • Dublin’s diverse and sound economic base provides the foundation for the present and future stability of the City.

Listing Contacts

BK
OH 390306, OH 3227132
Alterra Real Estate Advisors
Listed by Alterra Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$613,291.00
$51,107.58/mo

Valuation Metrics

0
DSCR
6.85%
Cap Rate
6.85%
ROI

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Additional Information

Name
Bradford Kitchen
License
390306
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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