4015-4059 W Dublin-Granville Rd Dublin, OH 43017
Description
SINGLE TENANT AUTISM CENTER
STONERIDGE MEDICAL & OFFICE CENTER
BUILT-OUT MEDICAL SPACE AVAILABLE NOW
Tenant: Reach Educational Services 43,400 SF Expires: July 31,2033
50,020 SF on 5+ acres
Sale Price: $8,950,000
Cap Rate: 7% at current occupancy, 8.2% at 100% occupancy
Current Occupancy: 90.5%
Investment Highlights:
- Medical office with upside through continued expansion of tenant into the last remaining space. They started in a portion of the building and have consistently expanded.
- Reach Educational Services has a lease through 2033 and occupies 43,400 SF.
- Reach Educational Services provides Applied Behavior Analytic (ABA) services to children and adolescence throughout Central Ohio with special needs specializing in autism and associated learning and behavioral differences.
Property Description:
- Visible to 23,000 vehicles per day on Dublin-Granville Rd.
- Monument signage on Dublin-Granville Rd.
- Adjacent to new $300MM Dublin Bridge Park Development.
- Minutes to Dublin Methodist Hospital.
- 90.5% of building is leased through 2033.
- Newer Roof (within the last 7 years).
- Nearly all HVAC units recently replaced and added solar power and LED
lights. - Completed PACE energy efficiency project which provides some tax
abatement.
Area Description:
- The property is located in Dublin, Ohio, one of the top communities in Central Ohio,
and only 25 minutes to new Intel Plant. https://dublinohiousa.gov/ - Well located between Sawmill Rd and US 33; 1 mile to Sawmill Rd/I-270
interchange. - It is home to more than 20 corporate headquarters, an entrepreneurial center,
thousands of thriving businesses from start-ups to international corporations, worldclass
events and the urban, walkable Bridge Street District. - Dublin’s diverse and sound economic base provides the foundation for the present
and future stability of the City.
Address
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Address 4015-4059 W Dublin-Granville Rd Dublin, OH 43017
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Country United States
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Province/State Ohio
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City/Town Dublin
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Postal code/ZIP 43017
Overview
- Property ID 7714
- Price $8,950,000.00
- Property Type Medical - Dental - Office Property
- Property status For Sale
- Size 50,020 SqFt
- Label Investment Property, Office/Medical
Contact
Brad L. Kitchen
Property Agent
3 Easton Oval, Suite 120, Columbus, OH 43219
(614) 545-2155
bkitchen@AlterraRE.com