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1,800 SF Available · 605 S Front St., Suite 200 Columbus, OH 43215 tel: 614 224 2400 | fax:...

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Reynoldsburg, Ohio 43068 For more information: Mike Semon 614 629 5217 • [email protected] Dan Sheeran 614 629 5216 • [email protected] Dan Sheeran, Jr. 614 629 5228 • [email protected] Property Features Great investment opportunity adjacent to I-70 in the City of Reynoldsburg 21,648 SF Freestanding office building 1,800 SF Available for lease on 1st floor or ideal space for owner / occupant Common conference room Newer roof and HVAC Convenient access to I-70 and I-270 Numerous amenities and close proximity to downtown Columbus Sale Price Reduced: $849,000 From $950,000 Lease Rate: $12.00 SF/Yr (MG) 2020 Brice Road NAI Ohio Equities 605 S Front Street, Columbus, OH 43215 614 224 2400 NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. ohioequities.com For Sale or For Lease Office - 21,648 SF 1,800 SF Available
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Page 1: 1,800 SF Available · 605 S Front St., Suite 200 Columbus, OH 43215 tel: 614 224 2400 | fax: ohioequities.com Mike Semon 614 629 5217 mjsemon@ohioequities.com Dan Sheeran

Reynoldsburg, Ohio 43068

For more information:Mike Semon614 629 5217 • [email protected]

Dan Sheeran614 629 5216 • [email protected]

Dan Sheeran, Jr.614 629 5228 • [email protected]

Property Features

• Great investment opportunity adjacent to I-70 in the City

of Reynoldsburg

• 21,648 SF Freestanding office building

• 1,800 SF Available for lease on 1st floor or ideal space for

owner / occupant

• Common conference room

• Newer roof and HVAC

• Convenient access to I-70 and I-270

• Numerous amenities and close proximity to downtown

Columbus

Sale Price Reduced: $849,000 From $950,000Lease Rate: $12.00 SF/Yr (MG)

2020 Brice Road

NAI Ohio Equities605 S Front Street, Columbus, OH 43215614 224 2400

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OFTHE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS,OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE ORFINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONSIMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THECONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. ohioequities.com

For Sale or For Lease

Office - 21,648 SF1,800 SF Available

Page 2: 1,800 SF Available · 605 S Front St., Suite 200 Columbus, OH 43215 tel: 614 224 2400 | fax: ohioequities.com Mike Semon 614 629 5217 mjsemon@ohioequities.com Dan Sheeran

605 S Front St., Suite 200

Columbus, OH 43215

tel: 614 224 2400 | fax:ohioequities.com

Mike Semon614 629 5217

[email protected]

Dan Sheeran614 629 5216

[email protected]

Dan Sheeran, Jr.614 629 5228

[email protected]

Location Overview

Adjacent to I-70 and located near the intersection of Brice Roadand Livingston Avenue between Merchants Dr and EastgreenBlvd. Conveniently located just 5 minutes from I-70, 10 minutesto I-270, and just 15 minutes from downtown Columbus.

Property Overview

Brice Road office building in Reynoldsburg. Ideal investmentopportunity. Site is centrally located near interstate and amenities.Newer roof and HVAC. 1,800 SF Available for lease on the firstfloor.

Property Summary

For Sale or Lease

Property Summary

Sale Price: $849,000

Lease Rate: $12.00/SF MG

Lot Size: 0.97 Acres

Building Size: 21,648 SF

Available: 1,800 SF

Building Class: C

Year Built: 1973

Market: East

Sub Market: Reynoldsburg

Cross Streets: Brice Road andMerchants Drive

Page 3: 1,800 SF Available · 605 S Front St., Suite 200 Columbus, OH 43215 tel: 614 224 2400 | fax: ohioequities.com Mike Semon 614 629 5217 mjsemon@ohioequities.com Dan Sheeran

605 S Front St., Suite 200

Columbus, OH 43215

tel: 614 224 2400 | fax:ohioequities.com

Mike Semon614 629 5217

[email protected]

Dan Sheeran614 629 5216

[email protected]

Dan Sheeran, Jr.614 629 5228

[email protected]

For Sale or For Lease

Floor Plans

Page 4: 1,800 SF Available · 605 S Front St., Suite 200 Columbus, OH 43215 tel: 614 224 2400 | fax: ohioequities.com Mike Semon 614 629 5217 mjsemon@ohioequities.com Dan Sheeran

Property Address: 2020 Brice Road Date Prepared: 09/18/18

Property Size: 21,648

Occupancy: 19,819 91.6%

Vacancy: 1,829 8.4%

Tenant Square Feet Monthly Rent Annual Rent Tenant Since Lease Exp Date Unit

Platinum Prime 2,700 2,650.00$ 31,800.00$ 10/1/2017 9/30/2019 110

SWAYH Beauty 480 500.00$ 6,000.00$ 1/1/2018 5/30/2019

Bergman & Yiangou 1,200 1,200.00$ 14,400.00$ 2/1/2005 7/31/2014

Schone's Chiropractic Clinic 2,800 3,832.22$ 45,986.64$ 9/10/1996 11/30/2006

Pamela Arterbridge Hair 900 620.00$ 7,440.00$ 9/1/2015 8/30/2018

Vacant 1,829 -$ -$ - - 185

Valtech Communications 1,720 1,300.00$ 15,600.00$ 1/1/2013 12/31/2018

Valtech Communications 1,320 900.00$ 10,800.00$ 1/1/2013 12/31/2018

Love N' Comfort Home 2,000 900.00$ 10,800.00$ 12/1/2016 11/30/2019 230

Quick Safe Hauling 904 700.00$ 8,400.00$ 7/1/2016 6/3/2018

Acheivers Real Estate 225 300.00$ 3,600.00$ 11/1/2017 10/30/2018

Tax Plus 891 742.50$ 8,910.00$ 7/1/2008 6/30/2011

My Care Home Care 672 600.00$ 7,200.00$ 2/1/2018 1/31/2021

American Family Insurance 1,000 750.00$ 9,000.00$ 3/1/2013 2/28/2018

Olympus Facility Services 225 250.00$ 3,000.00$ 2/1/2018 1/31/2019

Met Life 600 325.00$ 3,900.00$ 12/1/2003 11/30/2006

Totals 19,466 15,569.72$ 186,836.64$

Income PSF Total Summary PSF Total

Base Rent 8.63$ 186,836.64$ Total Income 8.63$ 186,836.64$

Additional Rent Reimbursement -$ Total Expenses (4.97)$ ($107,557.00)

Total Income 8.63$ 186,836.64$ Net Operating Income 3.66$ 79,279.64$

Expenses (Prior 12 Months) PSF Total Assumptions

Bank Service 0.04$ $854.00 Downpayment 20% 169,800.00$

Building Maintenance 1.32$ $28,599.00 Financed 80% 679,200.00$

Grounds Maintenance 0.25$ $5,478.00 Interest Rate 5.25%

Insurance 0.15$ $3,303.00 Amortization

Utilities 2.08$ $44,974.00 Debt Service

Taxes 1.12$ $24,349.00

Total Expenses 4.97$ $107,557.00 Cash on Cash 46.69% 79,279.64$

Valuation CAP% PSF Total

Our Valuation 9.3% $39.22 $849,000

Rent Roll

Income & Expense Summary

NAI Ohio Equities | 605 S Front St Suite 200 | Columbus, Ohio 43215 | tel 614 224 2400 | fax 614 224 5436 | website www.ohioequities.com

Page 5: 1,800 SF Available · 605 S Front St., Suite 200 Columbus, OH 43215 tel: 614 224 2400 | fax: ohioequities.com Mike Semon 614 629 5217 mjsemon@ohioequities.com Dan Sheeran

605 S Front St., Suite 200

Columbus, OH 43215

tel: 614 224 2400 | fax:ohioequities.com

Mike Semon614 629 5217

[email protected]

Dan Sheeran614 629 5216

[email protected]

Dan Sheeran, Jr.614 629 5228

[email protected]

For Sale or For Lease

Location Maps

Page 6: 1,800 SF Available · 605 S Front St., Suite 200 Columbus, OH 43215 tel: 614 224 2400 | fax: ohioequities.com Mike Semon 614 629 5217 mjsemon@ohioequities.com Dan Sheeran

605 S Front St., Suite 200

Columbus, OH 43215

tel: 614 224 2400 | fax:ohioequities.com

Mike Semon614 629 5217

[email protected]

Dan Sheeran614 629 5216

[email protected]

Dan Sheeran, Jr.614 629 5228

[email protected]

For Sale or For Lease

Aerial View

Page 7: 1,800 SF Available · 605 S Front St., Suite 200 Columbus, OH 43215 tel: 614 224 2400 | fax: ohioequities.com Mike Semon 614 629 5217 mjsemon@ohioequities.com Dan Sheeran

605 S Front St., Suite 200

Columbus, OH 43215

tel: 614 224 2400 | fax:ohioequities.com

Mike Semon614 629 5217

[email protected]

Dan Sheeran614 629 5216

[email protected]

Dan Sheeran, Jr.614 629 5228

[email protected]

For Sale or For Lease

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