Historical Office Sale Listing - The COPC Building

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The COPC Building

4885 Olentangy River Road, Columbus, OH 43214

N/A

28,770 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
28,770 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Net Lease Investment with
9 years left on lease
Cap Rate:
7.51%
Occupancy:
100%
Building Class:
A
Tenancy:
Single
Lot Size:
3.43 SF
Listing ID
17483974
Last Updated
over 1 year ago

Highlights

  • STNL Medical Building
  • 9 Years Left on NNN Lease
  • Tenant Is The Second Largest Physician-Owned Primary Care Medical Group in The Country
  • Next Rent Increase November 2012
  • Located in Heavily Populated Medical Office Quadrant
  • CPI-based Increases Provide Best Hedge Against Inflation

Description

Marcus & Millichap is pleased to offer for sale the Central Ohio Primary Care (COPC) Medical Building located at 4885 Olentangy River Rd. on the Northwest side of Columbus, OH. This property is located just 2 miles from OhioHealth operated Riverside Methodist Hospital and is ideally situated amongst numerous other medical office buildings.

COPC is encumbered by a 14-year absolute net lease; an option that was executed in 2006. The lease expires on October 31st, 2020 with one 10-year option through 2030. The rent increases every two years based upon the Consumer Price Index. If the rent were to decrease based on the CPI, the new rate will remain the same as the previous two years.

COPC is the second largest physician-owned primary care medical group in the country made up of over 200 doctors and 46 practices. Headquartered in nearby Westerville, OH, COPC has locations in Franklin, Fairfield, Union, and Delaware counties. The Same Day Center provides care for immediate medical needs and there are also three diagnostic centers.

This medical offering allows an investor the opportunity to acquire a stable, recession-proof tenant located in a city with a number of major medical groups. The rental increases based upon the corresponding two-year increase in the CPI index provide the best possible hedge against any imminent future inflation.

Map of 4885 Olentangy River Road, Columbus, OH 43214 (Franklin County)

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Created 1/12/2012