Reynoldsburg, Ohio 43068
For more information:Mike Semon614 629 5217 •
[email protected]
Dan Sheeran614 629 5216 • [email protected]
Dan Sheeran, Jr.614 629 5228 • [email protected]
Property Features
• Great investment opportunity adjacent to I-70 in the Cityof
Reynoldsburg
• 21,648 SF Freestanding office building
• 2,733 SF Currently available for lease or ideal for owner
/occupant
• 1,800 SF suite on 1st floor and 904 SF suite on 2nd floor
• Common conference room
• Newer roof and HVAC
• Convenient access to I-70 and I-270
• Numerous amenities and close proximity to downtownColumbus
Sale Price Reduced: $849,000 From $950,000Lease Rate: $12.00
SF/Yr (MG)
2020 Brice Road
NAI Ohio Equities605 S Front Street, Columbus, OH 43215614 224
2400
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO
THE ACCURACY OFTHE INFORMATION CONTAINED HEREIN, AND THE SAME IS
SUBMITTED SUBJECT TO ERRORS,OMISSIONS, CHANGE OF PRICE, RENTAL OR
OTHER CONDITIONS, PRIOR SALE, LEASE ORFINANCING, OR WITHDRAWAL
WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONSIMPOSED BY OUR
PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO
THECONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE
ANY TO BE IMPLIED. ohioequities.com
For Sale or For Lease
Office - 21,648 SF2,733 SF Available
Property Address: 2020 Brice Road Date Prepared: 10/12/18
Property Size: 21,648
Occupancy: 18,915 87.4%
Vacancy: 2,733 12.6%
Tenant Square Feet Monthly Rent Annual Rent Tenant Since Lease
Exp Date Unit
Platinum Prime 2,700 2,650.00$ 31,800.00$ 10/1/2017 9/30/2019
110
SWAYH Beauty 480 500.00$ 6,000.00$ 1/1/2018 5/30/2019
Bergman & Yiangou 1,200 1,200.00$ 14,400.00$ 2/1/2005
7/31/2014
Schone's Chiropractic Clinic 2,800 3,832.22$ 45,986.64$
9/10/1996 11/30/2006
Pamela Arterbridge Hair 900 620.00$ 7,440.00$ 9/1/2015
8/30/2018
Vacant 1,829 -$ -$ - - 185
Valtech Communications 1,720 1,300.00$ 15,600.00$ 1/1/2013
12/31/2018
Valtech Communications 1,320 900.00$ 10,800.00$ 1/1/2013
12/31/2018
Love N' Comfort Home 2,000 900.00$ 10,800.00$ 12/1/2016
11/30/2019 230
Vacant 904 -$ -$ 240
Acheivers Real Estate 225 300.00$ 3,600.00$ 11/1/2017
10/30/2018
Tax Plus 891 742.50$ 8,910.00$ 7/1/2008 6/30/2011
My Care Home Care 672 600.00$ 7,200.00$ 2/1/2018 1/31/2021
American Family Insurance 1,000 750.00$ 9,000.00$ 3/1/2013
2/28/2018
Olympus Facility Services 225 250.00$ 3,000.00$ 2/1/2018
1/31/2019
Met Life 600 325.00$ 3,900.00$ 12/1/2003 11/30/2006
Totals 19,466 14,869.72$ 178,436.64$
Income PSF Total Summary PSF Total
Base Rent 8.24$ 178,436.64$ Total Income 8.24$ 178,436.64$
Additional Rent Reimbursement -$ Total Expenses (4.97)$
($107,557.00)
Total Income 8.24$ 178,436.64$ Net Operating Income 3.27$
70,879.64$
Expenses (Prior 12 Months) PSF Total Assumptions
Bank Service 0.04$ $854.00 Downpayment 20% 169,800.00$
Building Maintenance 1.32$ $28,599.00 Financed 80%
679,200.00$
Grounds Maintenance 0.25$ $5,478.00 Interest Rate 5.25%
Insurance 0.15$ $3,303.00 Amortization
Utilities 2.08$ $44,974.00 Debt Service
Taxes 1.12$ $24,349.00
Total Expenses 4.97$ $107,557.00 Cash on Cash 41.74%
70,879.64$
Valuation CAP% PSF Total
Our Valuation 8.3% $39.22 $849,000
Rent Roll
Income & Expense Summary
NAI Ohio Equities | 605 S Front St Suite 200 | Columbus, Ohio
43215 | tel 614 224 2400 | fax 614 224 5436 | website
www.ohioequities.com
