100% Leased 8% increasing to 9% CAP Medical Office
Medical | Office 31,512 SF
Marketing description
8% Cap increasing to 9%+
Medical Office Building 100% Leased
Located in Upper Arlington, one of the wealthiest communities in Columbus Ohio, in Arlington Falls Office Park.
COPC (Central Ohio Primary Care) is the largest physician owned primary care organization in US, and the anchor tenant occupies 25% of the building on a 10 year lease
NCS Pearson, Inc. testing center is a national tenant and invested significant funds to build out their space
Charles Schwab is located on the first floor
31,512 Gross SF building on 2.0 acres with 153 parking spaces with professional management who could continue to manage the building for the buyer.
Two story office building with an elevator, electronic access control and LED lighting.
Highly visible monument and building signage
Zoning is Office and Research District in the City of Upper Arlington
Investment highlights
100% Occupied Medical Office Building
Going in cap rate at 9% growing to 9.5% and 10% in years 2 and 3.
12% to 15% Cash on Cash return year 1 growing to over 20% annually
Acquisition price below replacement cost with built in upside due to rent bumps.
Current property management company can continue to manage the building for the buyer and their fees are already included in the current NOI and expenses.
Favorable financing available
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