2020 Brice Road. Office - 21,648 SF 1,829 SF Available. For more information: Mike Semon
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1 Office - 21,648 SF 1,829 SF Available 2020 Brice Road Reynoldsburg, Ohio Property Features Great investment opportunity adjacent to I-70 in the City of Reynoldsburg 21,648 SF Freestanding office building 1,829 SF Currently available for lease on first floor or ideal 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) For more information: mjsemon@ dsheeran@, Jr. djsheeran@ 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. NAI Ohio Equities 605 S Front Street,
2 For Sale or Lease Property Summary Property Summary Sale Price: $849,000 Lease Rate: $12.00/SF MG Lot Size: 0.97 Acres Building Size: 21,648 SF Available: 1,829 SF Building Class: C Year Built: 1973 Market: East Location Overview Adjacent to I-70 and located near the intersection of Brice Road and Livingston Avenue between Merchants Dr and Eastgreen Blvd. Conveniently located just 5 minutes from I-70, 10 minutes to I-270, and just 15 minutes from downtown Columbus. Property Overview Brice Road office building centrally situated in the City of Reynoldsburg. 21,648 SF Freestanding building provides convenient access to I-70 and I-270. Numerous amenities and downtown Columbus just a 15 minute drive. Newer roof and HVAC. Common conference room. Two suites currently available for lease or could be used for owner / occupant. 1,800± SF suite on the first floor. Sub Market: Cross Streets: Reynoldsburg Brice Road and Merchants Drive mjsemon@ dsheeran@, Jr. djsheeran@
3 Floor Plans Jr.
4 Property Address: 2020 Brice Road Date Prepared: 12/03/18 Property Size: 21,648 Occupancy: 19, % Vacancy: 1, % Rent Roll Tenant Square Feet Monthly Rent Annual Rent Tenant Since Lease Exp Date Unit Platinum Prime 2,700 $ 2, $ 31, /1/2017 9/30/ SWAYH Beauty 480 $ $ 6, /1/2018 5/30/2019 Bergman & Yiangou 1,200 $ 1, $ 14, /1/2005 7/31/2014 Schone's Chiropractic Clinic 2,800 $ 3, $ 45, /10/ /30/2006 Pamela Arterbridge Hair 900 $ $ 7, /1/2015 8/30/2018 Vacant 1,829 $ - $ Valtech Communications 1,720 $ 1, $ 15, /1/ /31/2018 Valtech Communications 1,320 $ $ 10, /1/ /31/2018 Love N' Comfort Home 2,000 $ $ 10, /1/ /30/ Triple Diamond Enterprises 904 $ $ 10, /1/ /31/ Acheivers Real Estate 225 $ $ 3, /1/ /30/2018 Tax Plus 891 $ $ 8, /1/2008 6/30/2011 My Care Home Care 672 $ $ 7, /1/2018 1/31/2021 American Family Insurance 1,000 $ $ 9, /1/2013 2/28/2018 Olympus Facility Services 225 $ $ 3, /1/2018 1/31/2019 Met Life 600 $ $ 3, /1/ /30/2006 Totals 19,466 $ 15, $ 189, Income & Expense Summary Income PSF Total Summary PSF Total Base Rent $ 8.74 $ 189, Total Income $ 8.74 $ 189, Additional Rent Reimbursement $ - Total Expenses $ (4.97) ($107,557.00) Total Income $ 8.74 $ 189, Net Operating Income $ 3.78 $ 81, Expenses (Prior 12 Months) PSF Total Assumptions Bank Service $ 0.04 $ Downpayment 20% $ 169, Building Maintenance $ 1.32 $28, Financed 80% $ 679, Grounds Maintenance $ 0.25 $5, Interest Rate 5.25% Insurance $ 0.15 $3, Amortization Utilities $ 2.08 $44, Debt Service Taxes $ 1.12 $24, Total Expenses $ 4.97 $107, Cash on Cash 48.13% $ 81, Valuation CAP% PSF Total Our Valuation 9.6% $39.22 $849,000 NAI Ohio Equities 605 S Front St Suite 200 Columbus, Ohio tel fax website www.
5 Location Maps Jr.
6 Aerial View Jr.
7 Area Retailers, Jr.
2020 Brice Road. Office - 21,648 SF 1,800 SF Available. For more information: Mike Semon
Office - 21,648 SF 1,800 SF Available 2020 Brice Road Reynoldsburg, Ohio 43068 Property Features Great investment opportunity adjacent to I-70 in the City of Reynoldsburg 21,648 SF Freestanding office
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