701-719 Brooksedge Plaza DrWesterville, OH 43081

Property Details for 701-719 Brooksedge Plaza Dr

Year built

1987

Lot size

5.49 AC

Property size (Sq ft)

49,129 SF

Property type

Office buildings

APN

080-009468

APU

80009468

Description

This exceptional office building, located at 701-719 Brooksedge Plaza Drive in Westerville, Ohio, presents a unique opportunity for businesses seeking flexible and adaptable space. The 49,129 square foot building, constructed in 1987 and classified as Class B, offers a variety of configurations to suit diverse needs. Currently, 45,726 square feet are vacant, divisible into spaces as small as 5,921 square feet, with a maximum contiguous space of 45,726 square feet. The property sits on a generous 5.5-acre lot and provides ample parking with 7 total spaces. The building's versatile design allows for conversion to flex or lab space, catering to a wide range of potential tenants. Its open layout offers significant design flexibility. The property benefits from excellent accessibility, with convenient access to I-270 via both Cleveland Avenue and State Street. Building and monument signage opportunities are available, enhancing visibility and brand presence. On-site property management ensures efficient building operations. Tenants are responsible for their own utilities and janitorial services, providing cost control and operational flexibility. This is a single-tenant building opportunity, ideal for a company seeking a prominent location and substantial space in a thriving Westerville community. The property's zip code is 43081.

• CAP approach

  CAP return

  Valuation

  6%

  $9,253,479

  6.5%

  $8,541,673

  7%

  $7,931,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,595,526

  Geo Method

  $4,595,526

• Alternative Use

  Use

  Valuation

  Residential

  $10,591,675

  Hospitality

  $9,701,917

  Educational

  $8,071,881

  Medical

  $8,349,486

  Retail

  $12,556,259

Location Insight

City

Westerville

County

Franklin

State

Ohio

Latitude

40.1081

Longitude

-82.9342

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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