100% LEASED MEDICAL / OFFICE INVESTMENT | DUBLIN, OHIO · the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive

Office Brokerage Group Non-Financial Sales Package

100% LEASED MEDICAL / OFFICE INVESTMENT | DUBLIN, OHIO

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NAI Ohio Equities, LLC (“The Agent”) has been engaged by Lupo LLC (“Seller”) for the sale of their property located at 6740-6770 Avery-Muirfield Drive, Dublin, OH 43017 (“The Property”).

The Property is being offered for sale in an “as-is, where is” condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principle provisions contained herein. Neither Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Properties. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein.

Seller reserves the right, at its sole and absolute discretion, to withdraw The Propery from sale consideration at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding The Property and/or terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawl from the market without notice. Agent is not authorized to make any representations or agreements on behalf of the Seller.

The terms and conditions set forth above apply to this Non-Financial Sales Package in its entirety.

Disclaim

er

You are viewing the non-financial sales package for 6740-6770 Avery-Muirfield Drive. In order to view the full

confidential offering memorandum please sign the confidentiality agreement online at www.Avery-Muirfield.com.


I. Transaction Guidelines

II. Executive Summary

III. Investment Highlights

IV. Aerial Maps

V. Property Photographs

VI. Location Map

VII. The City of Dublin

VIII. Dublin Physicians & Health Care - Map

IX. Demographics & Traffic Counts

Transaction Contacts

www.Avery-Muirfield.com

Andy Dutcher, SIOR Vice President Office 614.629.5266 | Cell [email protected]

Matt Gregory, SIOR, CCIM Senior Vice President Office 614.629.5234 | Cell 614.937.6501

[email protected]

Philip Bird Associate Vice PresidentOffice 614.629.5296 | Cell [email protected]

Table of Contents


NAI Ohio Equities has been retained on an exclusive basis to sell 6740-6770 Avery-Muirfield Drive in Dublin, Ohio. This four-building, multi-tenant medical and general office complex totals 19,872 square feet and is 100% leased to a diverse mix of tenants which includes: Ortho Neuro, Spring Creek Fertility, ProScan, Avery Dental Center, Hyperbaric Therapy of Dublin, Complete Chiropractic, Arenstein & Anderson LPA, and Horan Associates. The asset’s location at Avery-Muirfield Drive and Post Road is considered one of the best in the sub-market along with its close proximity to Dublin Methodist Hospital, affluent neighborhoods, numerous retail amenities, and convenient access to all major freeway systems throughout the Columbus area.

The Opportunity

Asking Price $3,100,000.00

Net Operating Income $208,025.17

Parcel ID 273-000299

City | Township Dublin | Washington

Year Built 2000/2001

Building Area 19,872 SF

Total Buildings Four (4)

Total Tenants Eight (8)

Parking 92 Spaces (4.6/1,000 SF Ratio)

ConstructionThe structures are single-story, brick with stone accent walls with reinforced concrete footer and slab foundation and asphalt shingle roof.

Zoning PCD (Planned Commerce District) - Medical/Office Use

6740-6770 Avery-Muirfield Drive, Dublin, OH 43017

Executive S

umm

ary

6740 Avery-Muirfield Dr. 6750 Avery-Muirfield Dr.

6760 Avery-Muirfield Dr. 6770 Avery-Muirfield Dr.


The PropertyDublin, OH 43017


Avery-Muirfield Drive offers a variety of value to its future investor. The upside potential includes but is not

limited to some of the following:

Investment HighlightsAvery-M

uirfield Drive

Discount to Replacement Cost – This is an unmatched opportunity to acquire a first class suburban

office complex at a significant discount to replacement cost. Replacement costs for assets of

similar size, location, construction and features would be approximately $175 per square foot.

Stable Cash Flow with Strong Tenant Roster – This asset offers a diversified mix of national,

regional, and local medical and general office tenants with the average lease term remaining of

approximately 37 months. The net operating income is projected to increase by approximately 3%

year over year.

Upside in Rental Rates – The current rental rates within the complex are considered at or below

market, allowing for significant value enhancement upon lease renewal of existing tenants, or

through new leases in the open market.


Avery-Muirfield D

riveAerials

Aerial - Nearby Retailers

Red outline is shown for illustration purposes only and Buyer should rely on its own investigation of the property.

Subject Property


Avery-Muirfield D

riveProperty Photographs


Market O

verviewLocation Map

Subject Property


Market O

verviewThe City of Dublin

Dublin is one of Columbus’ largest and most established

suburbs. It’s known within Central Ohio for excellent

schools, miles of recreations paths, parks, gorgeous neigh-

borhoods, dynamic community life, and an evolving his-

toric downtown district. Nationally, it’s renowned as home

to the Dublin Irish Festival, the largest three-day Irish

cultural celebration in the county. The city shows its com-

mitment to the future with the developing Bridge Street

District, an urban, walkable corridor with entertainment,

dining, shopping, office space, and housing options. Dublin

is home to Jack Nicklaus’ Muirfield Village Golf Club and

its annual Memorial Tournament.

Dublin is situated across Franklin, Delaware, and Union

counties, is directly accessible by US 33/SR 161 and I-270,

and is approximately a 20 minute drive to downtown Co-

lumbus. The total area of the city is 24.80 square miles

with a population of approximately 47,000 people in 2010.

The area is home to more than 3,000 companies including

a number of Fortune 100, 500, and 1,000 companies, such

as, Cardinal Health, OhioHealth, and

Wendy’s.

For more information visit: www.dublinohiousa.gov

DemographicsPopulation: ±47,000

Average Home Price: $340,307

Median Household Income: $110,764

Education: 78% of residents have bachelor’s degree or higher

Bridge Street District

Dublin Irish Festival

Muirfield Village Golf Club


Avery-Muirfield D

riveDublin Physicians & Health Care - Map

AHF Ohio, Inc., dba The Sanctuary at Tuttle Crossing

Alix ChiroRehab

Arndt Family Chiropractic

Associated Orthodontics, Inc.

Avery Dental Center

Bauer & Nemcik, Family Dentists, Inc.

Buckeye Clinic

Capital Endodontics

Capital Health Home Care

Capital Health Home Care Concierge

Cardinal Health, Inc.

Caregiver USA Corp

Center for Cognitive & Behavioral Therapy

Central Ohio Endodontics

Clinix Healthcare

Colon and Rectal Surgery, Inc.

Columbus Institute of Plastic Surgery, The

Columbus Ophthalmology Assoc., LLC

Columbus Springs Dublin

Comfort Keepers

Decillion Healthcare

Dental Reflections Dublin

Dermatologists of Greater Columbus, LLC

Dermatology and Cosmetic Surgery of Dublin, Inc.

Distinctive Smiles of Dublin

Doctors Consulting Service, Inc.

Dopkiss Eyecare

Dorner Plastic Surgery

Dublin Dental Associates

Dublin Dental Care

Dublin Family Care, Inc.

Dublin Foot & Ankle

Dublin Metro Dental Group

Edwards Family Dental

Emerald EyeCare, LLC

Emerald Obstetrics & Gynecology

Emerald Pediatrics

Flourish Chiropractic

Ford Family Dental

Foundation Chiropractic, P.C.

Friendship at Home

Haid Dental Associates

Hand In Hand Pediatrics

Haring Pediatric Dental

Heartland of Dublin

Hinkle Dental Arts

Hutta & Cook Orthodontics

IKOR of Columbus

James M. Lapierre DDS, Inc.

Jennifer J. Miller, DDS - Dentistry of Dublin

Karpac, DDS, MA, MS, James R.

Kenneth D. Boltz, OD, LLC

Kowalski Chiropractic and Wellness

Laboratory Corp. of America Holdings

Lentechs LLC

Low T Center

McGloshen, Thomas H. Ph.D.

MDVIP-Drs. Osborn and Im

Medication Therapy Management Solutions, LLC

Nationwide Children’s Dublin Close to Home - Hospital Dr.

Nationwide Children’s Dublin Close to Home - Venture Dr.

Nationwide Children’s Hospital

Neurosurgery Associates

NovaCare Rehabilitation - Dublin

NxStage Kidney Care Columbus

Ohio Cosmetic Dentists

Ohio Sinus Institute

Ohio University Dublin - College of Health Sciences and Professions

OhioHealth Dublin Methodist Hospital

Omnilife Systems, Inc.

Orthopedic Foot & Ankle Center

Orthopedic ONE

OSU Sports Medicine at Dublin

Passionate Wellness by Abby

Pearle Vision

Perimeter Dental Group

Plain City Druggist

Premier Allergy

Rinkov Eyecare Center

River Park Dental

River’s Edge Pediatrics, Inc.

Sarnova

Schneider Family Dental

Shamrock Family Eyecare

Smile Doctors Braces by Trio Orthodontics

Smiley Dental Group

Smith’s Medical

Solis Mammography - Dublin

Step Lively Foot & Ankle Centers

Stoner Periodontic Specialists

Summerhill Family Medicine, Inc.

Syntero, Inc.

THE GRAND of Dublin

The Ohio State University Havener Eye Institute

True North Counseling Group

ViaQuest, Inc.

Vitas Healthcare

Winchester Institute, The

https://www.dublinchamber.org/map/ql/health-care

Subject Property


Market O

verviewDemographics & Traffic Counts

Population 1 mile 3 miles 5 miles

Estimated Population (2018) 5,962 45,510 135,722

Projected Population (2023) 6,316 48,206 143,541

Median Age 35.4 36.4 35.3

Households 1 mile 3 miles 5 miles

Estimated Households (2018) 2,137 17,095 53,253

Projected Households (2023) 2,256 18,016 56,077

Avg. Household Income (2018)

$154,399 $167,853 $134,212

Per Capita Income (2018) $55,383 $63,067 $52,688

Avg. House Value (2015) $266,610 $298,630 $269,564

Education 1 mile 3 miles 5 miles

HS Graduate 6.7% 8.7% 13.2%

Some College 12.9% 11.4% 15.0%

Associate Degree Only 6.0% 6.2% 6.8%

Bachelor Degree Only 43.0% 42.3% 38.1%

Graduate Degree 30.0% 29.6% 23.7%

605 SOUTH FRONT STREET SUITE 200 COLUMBUS OHIO 43215

OHIOEQUITIES.COM 614 224 2400

@aroundcbus @naiohioequities

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100% LEASED MEDICAL / OFFICE INVESTMENT | DUBLIN, OHIO · the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive