PRIME OFFICE CONDOS FOR SALE & LEASE › d2 › lu2eZpP_T9b3ds7... · Buy all 3 attractive condos...
Transcript of PRIME OFFICE CONDOS FOR SALE & LEASE › d2 › lu2eZpP_T9b3ds7... · Buy all 3 attractive condos...
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
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.
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.
Photos of unit # 104-B
Seager and Associates, Inc.
Photos of unit # 204-B
Seager and Associates, Inc.
Photos of unit #301-A
Seager and Associates, Inc.
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
Seager and Associates, Inc.
Street Maps
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Demographics & Traffic
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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
Seager and Associates, Inc.
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.
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
Seager and Associates, Inc.