For Sale
$139,900

8940 Kingsridge Dr Woodbourne-Hyde Park, OH 45459

High-yield medical office, strong lease in place.

Overview

Added:
Dec 11, 2024
Days on market:
136
This 1,315 square foot medical office condo, located at 8940 Kingsridge Dr Suite 105 in Dayton, Ohio (Montgomery County, zip code 45459), is situated on a 0.99-acre lot within a 12,000 square foot building containing three other units. Built in 1988 and renovated in 2018, the property boasts 50 parking spaces and offers a compelling investment opportunity with a current asking price of $139,900 and a 9% cap rate, generating a net operating income (NOI) of $12,617. The property currently leases to a tattoo parlor, with a lease expiring no earlier than April 2026. The suite includes two bathrooms, four to five wet exam rooms, a private office, and a large general work area. Its location near the Dayton Mall and the absence of a local earnings tax contribute to its desirability for both buyers and tenants. The property's strong lease and attractive financial metrics make it an ideal addition to any investment portfolio.

Highlights

  • 1,315 square feet
  • Two on-suite bathrooms
  • Four to five wet exam rooms, private office, and large general work area
  • No local earnings tax

Property Details for 8940 Kingsridge Dr

Property type
Office properties, Medical offices
Square Feet
1,315 SF
Year Built/Renovated
1988/2018
Lot Size (sq. ft)
43,124 SF

Location Insight

City
Woodbourne-Hyde Park
County
Montgomery
State
Ohio
Latitude
39.6400784
Longitude
-84.1751648

FAQs

What type of property is this?
Office property - High-yield medical office, strong lease in place.
Where is the office property located?
The property is located at 8940 Kingsridge Dr Woodbourne-Hyde Park, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 1,315 square feet; Two on-suite bathrooms; Four to five wet exam rooms, private office, and large general work area
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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8940 Kingsridge Dr
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