For Sale
$2,698,125

5957 Cleveland AveColumbus, OH 43231

Columbus medical office building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 17,911 square foot, Class B medical office building located at 5957 Cleveland Ave, Columbus, Ohio 43231. The property, built in 1994 and situated on a 2.412-acre lot, boasts a 100% occupancy rate with six tenants under a triple-net (NNN) lease structure. The asking price is $2,698,125, representing a compelling $150.64 per square foot and an 8.00% cap rate, generating a net operating income (NOI) of $215,850. The property is zoned C2 and features ample parking with multiple egress points directly off Cleveland Avenue and Laurelwood Drive, providing convenient access for tenants and visitors. Its strategic location offers easy access to I-270 and I-161, as well as proximity to Easton Shopping Center and Polaris Shopping Mall. The surrounding area demonstrates a high population density, with over 299,000 people and an average household income exceeding $100,000 annually within a 5-mile radius. All units benefit from exterior entrances directly accessible from the parking lot. This multi-tenant property offers a stable, long-term investment with consistent cash flow, making it an attractive addition to any portfolio. No tenant credit rating is available.

Highlights

  • Multi-tenant medical and office building in Columbus, Ohio.
  • Investment opportunity in a rapidly growing city.
  • Long-term leases ensure stable cash flow.
  • All units feature private exterior entrances with direct parking lot access.
  • Ample parking with multiple ingress/egress points off Cleveland Avenue and Laurelwood Drive.
  • Convenient access to I-270 and I-161, with nearby amenities.

Property Details for 5957 Cleveland Ave

Property type
Office properties, Medical offices
Square Feet
17,911 SF
Class
B
Year Built
1994
Lot Size (sq. ft)
105,067 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
40.093951209413
Longitude
-82.950467101621
5957 Cleveland Ave, Columbus, Ohio

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5957 Cleveland Ave
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