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
605 S Front St., Suite 200
Columbus, OH 43215
tel: 614 224 2400 | fax:ohioequities.com
Mike Semon614 629 5217
Dan Sheeran614 629 5216
Dan Sheeran, Jr.614 629 5228
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: $12.00/SF MG
Lot Size: 0.97 Acres
Building Size: 21,648 SF
Available: 1,800 SF
Building Class: C
Year Built: 1973
Market: East
Sub Market: Reynoldsburg
Cross Streets: Brice Road andMerchants Drive
605 S Front St., Suite 200
Columbus, OH 43215
tel: 614 224 2400 | fax:ohioequities.com
Mike Semon614 629 5217
Dan Sheeran614 629 5216
Dan Sheeran, Jr.614 629 5228
For Sale or For Lease
Floor Plans
Property Address: 2020 Brice Road Date Prepared: 09/18/18
Property Size: 21,648
Occupancy: 19,819 91.6%
Vacancy: 1,829 8.4%
Tenant Square Feet Monthly Rent Annual Rent Tenant Since Lease Exp Date Unit
Platinum Prime 2,700 2,650.00$ 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
605 S Front St., Suite 200
Columbus, OH 43215
tel: 614 224 2400 | fax:ohioequities.com
Mike Semon614 629 5217
Dan Sheeran614 629 5216
Dan Sheeran, Jr.614 629 5228
For Sale or For Lease
Location Maps
605 S Front St., Suite 200
Columbus, OH 43215
tel: 614 224 2400 | fax:ohioequities.com
Mike Semon614 629 5217
Dan Sheeran614 629 5216
Dan Sheeran, Jr.614 629 5228
For Sale or For Lease
Aerial View
605 S Front St., Suite 200
Columbus, OH 43215
tel: 614 224 2400 | fax:ohioequities.com
Mike Semon614 629 5217
Dan Sheeran614 629 5216
Dan Sheeran, Jr.614 629 5228
For Sale or For Lease
Area Retailers