Owner Open To Offers!! 201 N Yellow Springs St 6,600 SF Office Building Springfield, OH 45504 $1,460,000 ($221.21/SF) 7.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Annual Rent Increases!
- Totally Renovated!
- Major Healthcare Provider!
EXECUTIVE SUMMARY
Motivated Seller has reduced the price by $100,000.00!! Here is an excellent investment property with a strong tenant in the growing medical rehab industry. Brightview Health is a major provider with clinics in the mid west to the east coast. The property underwent a complete interior renovation in 2019 to suit the needs of Brightview Health including new electrical, plumbing and HVAC systems. The roof is a standing seam metal roof with a long life expectancy. There are rent increases each year which increases the cap rate annually. . The property is in excellent condition with minimal Landlord responsibilities. The Seller is motivated and open to reasonable offers!!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,600 SF
Building Class
C
Year Built/Renovated
2002/2019
Price
$1,460,000
Price Per SF
$221.21
Cap Rate
7.60%
NOI
$110,992
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,600 SF
Slab To Slab
14’
Building FAR
0.21
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
CC-2 - Office and Retail
Parking
49 Spaces (7.42 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
Brightview Health offers outpatient addiction treatment programs at several locations across the country. Their treatment plans offer a holistic, compassionate, and comprehensive approach to addiction. They provide you with a safe and positive environment to facilitate your recovery and healing. Their intensive outpatient program includes therapy sessions, support groups, suboxone treatment, and many other treatment options. They understand that addiction is often rooted in issues with mental health and behavioral health. Their patients receive an exceptional level of care that is built around their philosophy of treating everyone with respect and empathy.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 34-00600-00542-0033 | Improvements Assessment | $225,190 |
| Land Assessment | $43,450 | Total Assessment | $268,640 |
