This exceptional commercial property, located at 10400 Blacklick Eastern Road NW in Pickerington, Ohio, presents a compelling investment opportunity. The 16,337 square foot office building, constructed in 2004, sits on a 58,806 square foot lot and boasts 100% occupancy. The asking price is $2,999,999, translating to a price per square foot of $189.75. The property's strong performance is reflected in its pro-forma NOI of $263,424 and an 8.78% pro-forma cap rate. The building's diverse tenant mix includes law offices, real estate, medical, insurance, and financial services businesses, as well as a retail salon and highway maintenance company. Its prime location offers convenient access to I-70, ensuring easy commutes. Cross easement agreements with neighboring properties provide seamless access from Rt 204/Blacklick-Eastern and Yarmouth Roads, benefiting from high daily traffic volume. The property enjoys proximity to numerous amenities, including a cinema, bookstore, coffee shop, storage facilities, fitness center, and a variety of restaurants and other businesses, all within a thriving and developing area. This fully occupied, high-performing asset represents a rare opportunity for investors seeking a stable and profitable addition to their portfolio. The property's strong tenant base and strategic location make it an ideal investment for long-term growth and return.
Highlights
$2,999,999 asking price for this 16,337 square foot office and land property.
100% occupancy with a pro-forma NOI of $263,424 and a pro-forma cap rate of 8.78%.
Located at 10400 Blacklick Eastern Road NW, Pickerington, OH 43147, offering excellent I-70 access.
Features a 58,806 square foot lot and was built in 2004.
The $189.75 per square foot price reflects a strong value in this thriving Pickerington location, near numerous amenities.
Office property - 16,337 SF Office Building, 100% Occupied
Where is the office property located?
The property is located at 10400 Blacklick Eastern Rd Pickerington, OH.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: $2,999,999 asking price for this 16,337 square foot office and land property.; 100% occupancy with a pro-forma NOI of $263,424 and a pro-forma cap rate of 8.78%.; Located at 10400 Blacklick Eastern Road NW, Pickerington, OH 43147, offering excellent I-70 access.
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Contacts
Jay Stanley
Elizabeth Ericson
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Blacklick Eastern Rd Pickerington, OH 43147
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Blacklick Eastern Rd Pickerington, OH 43147
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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10400 Blacklick Eastern Rd
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