PRIME OFFICE CONDOS FOR SALE & LEASE

Transcription

1 PRIME OFFICE CONDOS FOR SALE & LEASE Bethel Road Columbus, Ohio BETHEL GROVE OFFICES 3 office condos totaling 6,120 +/- SF Andre Dowdy adowdy@rweiler.com 10 N. High St. Suite 401 Columbus, Ohio Donald A Seager Seager & Associates Inc don_seager@yahoo.com 6890 Foresthaven Loop Dublin, Ohio

2 Property Description GREAT 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: County: Bethel Road Columbus, OH Franklin PID: Location: Between Kenny Rd & Bentley Ln Year Built: 1999 Space Available For Sale: Unit # 204-B 2,040 +/- SF Unit # 104-B 2,040 +/- SF Unit # 301-A 2,040 +/- SF Total Space: 6,120 +/- SF Sale Price/Unit Sale Price/SF Unit # 204-B $253,000 +/- $124/SF Unit # 104-B $200,000* +/- $98/SF Unit # 301-A $253,000 +/- $124/SF Total Price: $706,000 Space Available For Lease Bethel Rd Unit # 104-B 2,040 +/- SF ease Rate: $16.00/SF Gross Zoning: LC2 - Commercial *up to $4,000 as an allowance for the paint & carpet

3 Proforma Bethel Road Income JW Coons 32,187 25,970 25,970 25, Skin Cancer & Derm of Columbus 36,000 36,615 37,018 36, Ohio Assoc of Child Caring Agencies 26,435 25,925 25,415 24,948 Franklin Co Auditor Refund Total Income 94,622 88,510 88,402 87,024 Expenses Management Fee 10,440 11,389 17,269 12,560 Water (104) 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, ,931 Total Expenses 15,753 77,520 76,181 73,156 Net Income (Loss) 78,869 10,991 12,222 13,868

4 Photos of unit # 104-B

5 Photos of unit # 204-B

6 Photos of unit #301-A

7 Sketch Plans Unit # 204-B Unit # 104-B Unit # 301-A

8 Aerial & Plat Maps

9 Property Location Brookside Golf & Country Club W Dublin Granville Rd N High St Antrim Lake Olentagy Park Keney Park Bethel Rd Site Here Anheuser Busch Sports Park Great Location! Easy access to SR-315 and I minutes to Downtown Columbus 20 minutes to Columbus Airport

10 Street Maps

11 Demographics & Traffic

12 REGIONAL OVERVIEW THE COLUMBUS REGION City Highlights 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. Logan County Marion County Knox County 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 68 Columbus U.S. Population within 500 miles Chicago 139,187,116 44% 83,826,331 27% 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) Pittsburgh Atlanta 137,265,695 44% 81,371,175 26% Louisville Savannah 117,447,431 37% 66,009,482 21% Indianapolis Dallas 110,615,985 35% 47,526,233 15% Virgina Beach Los Angeles 102,716,781 33% 46,902,095 15% Charlotte Minneapolis 98,258,083 31% 44,152,696 14% St.Louis Phoenix 96,002,428 31% 38,438,798 12% Memphis Denver 91,338,138 29% 17,178,926 5% New York Seattle 90,949,182 29% 12,810, 661 4% = 10% FACTBOOK 3

13 City Highlights FORTUNE HEADQUARTERS Marion County Logan County Knox Count y 50 0 miles 80 0 km 250 miles 40 0 km TORONTO DETROIT 80 CHICAGO CLEVELAND 80 COLUMBUS 70 INDIANAPOLIS 71 CINCINNATI 70 ST. LOUIS LOUISVILLE PITTSBURGH 6 4 RICHMOND ATLANTA 77

14 Offering Memorandum 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 guarantee, 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, independent investigation of the property for your needs. All potential buyers must take appropriate 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 information 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 conclusions 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 property. Each prospective purchaser and /or broker proceeds at its own risk.