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760 Morrison Rd 8,480 SF 100% Leased Office Building Gahanna, OH 43230 $625,000 ($73.70/SF) 7.18% Cap Rate
Investment Highlights
- ±4,416 SF, two-story suburban office building situated on ±0.36 acres.
- Well-maintained building with professional office layouts and two restrooms.
- Fully leased four-unit property with full-service gross leases in place.
- Convenient Gahanna location near I-270 and S. Hamilton Road, with approximately 15 on-site parking spaces.
Executive Summary
760 Morrison Road is a ±4,416 SF, two-story suburban office building for sale in Gahanna, approximately one mile from the S. Hamilton Road and I-270 interchange. The well-maintained property is fully leased to four individual office users on full-service gross leases and is being marketed at a 7.18% cap rate. The building overlooks a wooded ravine, includes ample on-site parking, and offers stable in-place income in a desirable suburban Columbus office corridor.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,480 SF
Building Class
C
Year Built
1985
Price
$625,000
Price Per SF
$73.70
Cap Rate
7.18%
NOI
$44,875
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,480 SF
Building FAR
0.56
Lot Size
0.35 AC
Zoning
OS, Columbus
Parking
18 Spaces (4.29 Spaces per 1,000 SF Leased)
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $154,000 | |
| Land Assessment | $91,560 | Total Assessment | $245,560 |
Property Taxes
Parcel Numbers
Land Assessment
$91,560
Improvements Assessment
$154,000
Total Assessment
$245,560
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760 Morrison Rd
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