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5770 Karl Rd 10,224 SF 100% Leased Office Building Columbus, OH 43229 $1,300,000 ($127.15/SF) 8.42% Cap Rate
Executive Summary
5770 Karl Road is a multi-tenant medical office building located along Karl
Road in Columbus's Northland submarket. The property is 100% occupied
with four medical tenants in place, providing stable, in-place cash flow from
day one. Built in 1980, the building is suited for investors seeking an
established medical office asset with a proven leasing history in an accessible,
high-traffic corridor. The property's current tenant base reflects consistent
demand for medical office space in this area of Columbus.
Road in Columbus's Northland submarket. The property is 100% occupied
with four medical tenants in place, providing stable, in-place cash flow from
day one. Built in 1980, the building is suited for investors seeking an
established medical office asset with a proven leasing history in an accessible,
high-traffic corridor. The property's current tenant base reflects consistent
demand for medical office space in this area of Columbus.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,224 SF
Building Class
C
Year Built
1980
Price
$1,300,000
Price Per SF
$127.15
Cap Rate
8.42%
NOI
$109,460
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,224 SF
Slab To Slab
11’
Building FAR
0.22
Lot Size
1.09 AC
Zoning
CAC - Community Activity Center
Parking
38 Spaces (3.72 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 010-025380 | Improvements Assessment | $130,030 |
| Land Assessment | $101,010 | Total Assessment | $231,040 |
Property Taxes
Parcel Number
010-025380
Land Assessment
$101,010
Improvements Assessment
$130,030
Total Assessment
$231,040
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