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5900 Boymel Dr
Fairfield, OH 45014
Office Property For Sale
Investment Highlights
- Fully leased to OrthoAlliance under a double-net lease with corporate guarantee.
- 3% annual rental escalations contributing to steady income growth.
- Excellent accessibility to I-275, Dixie Highway, and I-75 for regional connectivity.
- Three years remaining on primary term plus two five-year renewal options.
- Renovations completed in 2016 with planned site improvements in 2024.
Executive Summary
Marcus & Millichap is pleased to offer a single-tenant medical office investment opportunity located at 5900 Boymel Drive in Fairfield, Ohio. Priced at $2,370,000, this property provides a stable, income-producing asset that is 100% leased to OrthoAlliance MSO LLC / Beacon Orthopaedics & Sports Medicine under a double-net lease with a corporate guaranty. The lease features 3% annual rental escalations and offers two additional five-year renewal options, with approximately three years remaining on the primary term.
The property, situated on 1.18 acres, was fully renovated in 2016, including installation of a new roof and HVAC systems, and scheduled for entrance and paving improvements. This ensures minimal near-term capital obligations, further enhancing its investment appeal.
Located within a vibrant commercial corridor just off Dixie Highway (U.S. Route 4), the site benefits from immediate access to Interstate 275 and close proximity to Interstate 75, allowing convenient connectivity throughout the Cincinnati metropolitan area. Surrounding retail centers, healthcare facilities, and a robust transportation network support strong tenant operations and long-term value stability, in a market characterized by sustained population and economic growth.
The property, situated on 1.18 acres, was fully renovated in 2016, including installation of a new roof and HVAC systems, and scheduled for entrance and paving improvements. This ensures minimal near-term capital obligations, further enhancing its investment appeal.
Located within a vibrant commercial corridor just off Dixie Highway (U.S. Route 4), the site benefits from immediate access to Interstate 275 and close proximity to Interstate 75, allowing convenient connectivity throughout the Cincinnati metropolitan area. Surrounding retail centers, healthcare facilities, and a robust transportation network support strong tenant operations and long-term value stability, in a market characterized by sustained population and economic growth.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,300 SF
Building Class
C
Year Built
1979
Price
$2,370,000
Price Per SF
$285.54
Cap Rate
9.25%
NOI
$219,163
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,300 SF
Slab To Slab
10’
Building FAR
0.18
Lot Size
1.06 AC
Opportunity Zone
Yes
Zoning
C-3, Boymel - General Business
Parking
25 Spaces (3.01 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | A0700-016-000-062 | Improvements Assessment | $266,620 |
| Land Assessment | $61,050 | Total Assessment | $327,670 |
Property Taxes
Parcel Number
A0700-016-000-062
Land Assessment
$61,050
Improvements Assessment
$266,620
Total Assessment
$327,670
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