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7420 Worthington Galena Rd 10,999 SF Office Building Columbus, OH 43085 $1,715,000 ($155.92/SF) 7.42% Cap Rate
EXECUTIVE SUMMARY
Stand-alone single tenant investment opportunity in great location off Worthington-Galena Rd. Updated office buildout includes data center, small warehouse with overhead door and generator (layout attached). Concrete construction situated on 1.2 acres with 60 parking spaces. Current tenant is an IT service provider with just under 4 years remaining on current lease term. Current NOI $127,308 (7.42 CAP) and lease available on request with NDA. Really nice property!
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
10,999 SF
Building Class
C
Year Built
1971
Price
$1,715,000
Price Per SF
$155.92
Cap Rate
7.42%
NOI
$127,308
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,999 SF
Building FAR
0.21
Lot Size
1.21 AC
Zoning
M-2
Parking
60 Spaces (5.46 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 610-117340 | Improvements Assessment | $185,960 |
| Land Assessment | $103,040 | Total Assessment | $289,000 |
PROPERTY TAXES
Parcel Number
610-117340
Land Assessment
$103,040
Improvements Assessment
$185,960
Total Assessment
$289,000
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7420 Worthington Galena Rd
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