Stonegate Medical Buildings — Sale in Reynoldsburg, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Reynoldsburg, OH 43068
  • Year built: 1989

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale Stonegate Medical Buildings in Reynoldsburg, OH. The property is 100 percent leased to Novacare, Ivory Home Health, and Central Ohio Surgical Associates. Reynoldsburg is a city in Fairfield, Franklin, and Licking counties in Ohio. A suburb of Columbus, the city is home to approximately 41,000 residents. The Columbus metro is Ohio’s most populated metropolitan area, composed of 10 counties in the gently rolling hills of central Ohio. Investment Highlights: • 100 Percent Leased Medical Office Buildings within Stonegate Business Center • New Triple-Net (NNN) Leases with Annual Rental Increases and Options for Renewal • Dense Trade Area in the Columbus MSA - 237,557 Residents within a Five-Mile Radius • Adjacent to Kroger Grocery Store and Surrounded by National Retailers: At Home, Dollar Tree, Walgreens, McDonald's, and More • Easily Accessible Location Along East Main Street (±30,900 Cars per Day), Situated Immediately Off Interstate 270 • Less Than 10 Minutes from Mount Carmel East Medical Center (±419 Beds) • Average Household Income Exceeds $86,000 within the Surrounding Area

Market Context

This office in Reynoldsburg, OH is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1989. It has been on the market for 100 days. Compare it against other office listings for sale in Reynoldsburg, OH — view the full market.

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