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1781 Countryside Dr 9,954 SF Office Building Lancaster, OH 43130 $2,545,000 ($255.68/SF) 7.29% Cap Rate
Investment Highlights
- Long-term income stability with strong credit Tenant
- Strategically positioned with a strong, growing healthcare market
- Additional 954 SF dedicated lower-level laboratory area
- Minimal landlord responsibilities with virtually all operational and maintenance costs borne by Tenant
- Comprehensive healthcare infrastructure in with 17 exam rooms, 8 offices, 7 nurse stations, and 4 lab/procedure spaces
- 4.8/1,000 SF parking ratio
Executive Summary
Single-tenant medical office building in Lancaster, Ohio. This well-maintained 9,954 SF property is 100% leased to Diley Medical Group through February 2032, offering stable, long-term income. The lease features landlord-favorable terms and includes two 7-year renewal options, further securing the investment. The facility itself is well-equipped with 17 exam rooms, 8 offices, 7 nurse stations, 4 lab/procedure spaces, and a 954 SF lower-level lab space.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,954 SF
Building Class
B
Year Built
2006
Price
$2,545,000
Price Per SF
$255.68
Cap Rate
7.29%
NOI
$185,458
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,977 SF
Building FAR
0.13
Lot Size
1.81 AC
Zoning
Commercial - (442) C - MEDICAL CLINICS AND OFFICES
Parking
48 Spaces (4.82 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Partitioned Offices
- Air Conditioning
Property Taxes
| Parcel Number | 05-33008-421 | Improvements Assessment | $288,820 |
| Land Assessment | $34,390 | Total Assessment | $323,210 |
Property Taxes
Parcel Number
05-33008-421
Land Assessment
$34,390
Improvements Assessment
$288,820
Total Assessment
$323,210
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1781 Countryside Dr
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