PRIME OFFICE CONDOS FOR SALE & LEASE › d2 › lu2eZpP_T9b3ds7... · Buy all 3 attractive condos...

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PRIME OFFICE CONDOS FOR SALE & LEASE Andre Dowdy [email protected] 10 N. High St. Suite 401 Columbus, Ohio 43215 614-221-4286 www.rweiler.com BETHEL GROVE OFFICES 3 office condos totaling 6,120 +/- SF 1151-1161 Bethel Road Columbus, Ohio 43220 Donald A Seager Seager & Associates Inc [email protected] 6890 Foresthaven Loop Dublin, Ohio 43016 614-946-7402

Transcript of PRIME OFFICE CONDOS FOR SALE & LEASE › d2 › lu2eZpP_T9b3ds7... · Buy all 3 attractive condos...

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PRIME OFFICE CONDOS FOR SALE & LEASE

Andre [email protected]

10 N. High St. Suite 401 Columbus, Ohio 43215

614-221-4286www.rweiler.com

BETHEL GROVE OFFICES3 office condos totaling 6,120 +/- SF

1151-1161 Bethel RoadColumbus, Ohio 43220

Donald A SeagerSeager & Associates [email protected] Foresthaven Loop Dublin, Ohio 43016614-946-7402

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Property DescriptionGREAT INVESTMENT OR OWNER OCCUPIED CONDO DEAL!

Buy all 3 attractive condos as an investment or separately - unit #204-B, #104-B and #301-A. Each unit is +/- 2,040 SF. All 3 condos are in great condition. Unit #301-A & unit #204-B have

been recently renovated to include new upgrades for current tenants. Unit #104-B is also available for lease. Located on Bethel Rd in a condominium office complex.

Address: 1151-1161 Bethel Road Columbus, OH 43220County: FranklinPID: 010-253254-00 010-253258-00 010-253247-00Location: Between Kenny Rd & Bentley Ln Year Built: 1999Space Available For Sale:Unit # 204-B 2,040 +/- SFUnit # 104-B 2,040 +/- SFUnit # 301-A 2,040 +/- SFTotal Space: 6,120 +/- SFSale Price/Unit Sale Price/SFUnit # 204-B $367,000 +/- $180/SFUnit # 104-B $253,000 +/- $124/SFUnit # 301-A $367,000 +/- $180/SFTotal Price: $987,000

Space Available For Lease - 1151 Bethel RdUnit # 104-B 2,040 +/- SFLease Rate: $16.00/SF Gross

Zoning: LC2 - Commercial

Seager and Associates, Inc.

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Proforma

Income 2016 2015 2014 2013204-JW Coons 32,187 25,970 25,970 25,781 301-Skin Cancer & Derm of Columbus 36,000 36,615 37,018 36,295 104-Ohio Assoc of Child Caring Agencies 26,435 25,925 25,415 24,948 Franklin Co Auditor RefundTotal Income 94,622 88,510 88,402 87,024

ExpensesManagement Fee 10,440 11,389 17,269 12,560 Water (104) 208 259 253 221 Electric/Gas 2,273 2,705 3,728 3,752 Accounting /Professional Fees 7,290 3,872 5,137 4,660 Real Estate Taxes (13,699) 33,620 26,893 25,857 Insurance 706 2,157 1,412 1,394 Interest Expense 8,105 16,772 21,083 19,781 Repairs/Maintenance 430 6,747 407 4,931 Total Expenses 15,753 77,520 76,181 73,156

Net Income (Loss) 78,869 10,991 12,222 13,868

1151-1161 Bethel Road

Seager and Associates, Inc.

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Photos of unit # 104-B

Seager and Associates, Inc.

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Photos of unit # 204-B

Seager and Associates, Inc.

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Photos of unit #301-A

Seager and Associates, Inc.

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Sketch Plans

Unit # 204-B Unit # 104-B

Unit # 301-A

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Aerial & Plat Maps

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Property Location

Great Location!Easy access to SR-315 and I-270

15 minutes to Downtown Columbus20 minutes to Columbus Airport

Anheuser Busch Sports Park

Antrim

Lake

Brookside Golf& Country Club

W Dublin Granville Rd

Bethel Rd

Keney Park

Site Here

N High St

OlentagyPark

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Street Maps

Seager and Associates, Inc.

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Demographics & Traffic

Seager and Associates, Inc.

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FACTBOOK 3

The Columbus Region is an 11-county area comprising Delaware, Fairfield, Franklin, Knox, Licking, Logan, Madison, Marion, Morrow, Pickaway and Union counties. This Region represents the coverage area of Columbus 2020’s economic development activities.

The Columbus Region varies from the Columbus Metropolitan Statistical Area (MSA), which comprises 8 of the above 11 counties (excluding Knox, Logan and Marion) and an additional two (Hocking and Perry). Wherever possible, the information and data in this document covers the 11-county region. However, some data is only available at the MSA level and is identified as such in the text, title or source.

• Eleven-county region located in Central Ohio

• Population of 2 million people• Population growth rate of

1.3 percent annually • Ten-county Columbus MSA, 2nd fastest

growing among Midwest metro areas with at least 1 million in population

• Driver of Ohio’s population and economic growth

• 62 college and university campuses • More than 140,000 college students• Home to 15 Fortune 1000 headquarters

COLUMBUS AND FRANKLIN COUNTY

• State capital and largest Ohio city • 15th largest city in the U.S.

COLUMBUS IS WELL CONNECTED TO THE REST OF THE U.S. AND BEYOND

• Port Columbus International Airport: 31 destination airports with more than 140 daily flights

• Enhanced freight rail connections to East Coast ports in Norfolk, VA, Baltimore, MD, and Wilmington, NC

• Columbus is within 500 miles of 44 percent of the U.S. population, higher than other major distribution centers in the U.S. (Source: ESRI Business Analyst, 2013)

REGIONAL OVERVIEWTHE COLUMBUS REGION

MarionCounty

KnoxCounty

LoganCounty

68

U.S. Population within 500 miles

Columbus Chicago

Virgina Beach Los Angeles

Pittsburgh Atlanta

Charlotte Minneapolis

Louisville Savannah

St.Louis Phoenix

Indianapolis Dallas

Memphis

=

New York

Denver

Seattle

139,187,116 – 44% 83,826,331 – 27%

102,716,781 – 33% 46,902,095 – 15%

137,265,695 – 44% 81,371,175 – 26%

98,258,083 – 31% 44,152,696 – 14%

117,447,431 – 37% 66,009,482 – 21%

96,002,428 – 31%

10%

38,438,798 – 12%

110,615,985 – 35% 47,526,233 – 15%

91,338,138 – 29%

90,949,182 – 29%

17,178,926 – 5%

12,810, 661 – 4%

City Highlights

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Marion County

KnoxCounty

Logan County

CLEVELAND

DETROIT

INDIANAPOLIS

CHICAGO

LOUISVILLE

PITTSBURGH

CINCINNATI

ATLANTA

ST. LOUIS

80

75

9 080

90

64

70

80

71

COLUMBUS 70

77

77

6 4

75

65

4 0

250 miles 40 0 km

50 0 miles 80 0 km

RICHMOND

TORONTO

FORTUNE 10 0 0 HEADQUARTERS

City Highlights

Seager and Associates, Inc.

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This confidential Offering memorandum has been prepared by The Robert Weiler Company for use by a limited number of parties whose sole purpose is to evaluate the possible purchase of the subject property. This Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

The information contained in the Memorandum has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no guar-antee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used, are for example only, and do not represent the current or future performance of the property. The value of this transaction to you depends on taxes and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, inde-pendent investigation of the property for your needs. All potential buyers must take appropri-ate measures to verify all of the information set forth herein. Both The Robert Weiler company and the Owner disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. The contained informa-tion is subject to change at any time and without notice. The recipient of the Memorandum shall not look to the Owner or The Robert Weiler Company for the accuracy of completeness of the Memorandum.

A prospective purchaser must make its own independent investigations, projections, and con-clusions regarding the acquisition of the property without reliance on this Memorandum or any other Confidential information, written or verbal, from the Broker or the Seller. The Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the property or to terminate any negotiations with any party, at any time, with or without written notice. Only a fully-executed Real Estate Purchase Agreement , approved by Seller, shall bind the prop-erty. Each prospective purchaser and /or broker proceeds at its own risk.

Offering Memorandum

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