For Sale
$8,950,000

4015 Dublin Granville RdDublin, OH 43017

High-yield medical office, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story, 50,020 square foot Class B medical office building presents a compelling value-add investment opportunity in Dublin, Ohio. Boasting a 90.5% occupancy rate with a single, long-term tenant—Reach Educational Services—under a net lease extending through 2033, this property offers significant upside potential. The building features a newer roof (installed within the last seven years), nearly all HVAC units have been recently replaced, and energy-efficient upgrades including solar power and LED lighting have been implemented. A completed PACE energy efficiency project provides tax abatement. The property sits on a five-acre lot with prominent monument signage on Dublin-Granville Road, enjoying high visibility to 23,000 vehicles daily. Its strategic location near the new $300 million Dublin Bridge Park Development and Dublin Methodist Hospital further enhances its appeal. The asking price is $8,950,000, representing a 7.00% cap rate at current occupancy and a pro-forma cap rate of 8.20% at 100% occupancy. Lease options are available. The property is zoned BSD-O. This is a rare opportunity to acquire a stable, high-performing asset with substantial growth prospects in a thriving Ohio market. The tenant provides Applied Behavior Analytic (ABA) services.

Highlights

  • Single-tenant medical office building; 43,400 SF (92%) leased to Reach Educational Services through 2033, with expansion potential.
  • High-visibility location on Dublin-Granville Rd. (23,000 vehicles per day) with monument signage.
  • Excellent location adjacent to the new $300 million Dublin Bridge Park Development, near Dublin Methodist Hospital.
  • 90.5% occupancy through 2033.
  • Roof replaced within the last 7 years; recent HVAC upgrades, solar power, and LED lighting; completed PACE energy efficiency project with tax abatement.

Property Details for 4015 Dublin Granville Rd

Property type
Medical offices, Office properties
Square Feet
50,020 SF
Class
B
Year Built/Renovated
1986/1991
Buildings
1
Stories
2
Lot Size (sq. ft)
217,800 SF

Location Insight

City
Dublin
County
Franklin
State
Ohio
Latitude
40.098381
Longitude
-83.098242
4015 Dublin Granville Rd, Dublin, Ohio

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4015 Dublin Granville Rd
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