10400 Blacklick Eastern Rd
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10400 Blacklick Eastern Rd
16,337 SF 98% Leased Office Building Pickerington, OH 43147 £2,306,346 (£141/SF) 9.17% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Owner willing to maintain building after purchase
- Current and past tenants that include law offices, real estate office, medical offices, insurance offices, title company, etc
EXECUTIVE SUMMARY
Pickerington Premier Office building with 16,000+ SF and easy access to I-70 for ease of commute in and out of Pickerington! Multiple tenant professional building with 100% occupancy, with current and past tenants that include law offices, real estate office, medical offices, insurance offices, title company, mortgage company, retail hair salon, highway maintenance company, etc. Cross easement agreement with adjacent properties allow for easy entrance from Rt 204/Blacklick-Eastern & Yarmouth, with good traffic count as commuters pass by throughout the day. Located close to Marcus Cinema, Barnes & Noble, Starbucks, storage, fitness gym, and many restaurants and offices, and areas currently under development.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
16,337 SF
Building Class
B
Year Built
2004
Price
£2,306,346
Price Per SF
£141
Net Initial Yield
9.17%
NOI
£211,408
Percent Leased
98%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
8,168 SF
Slab to Slab
10 ft
Building FAR
0.28
Lot Size
1.35 AC
Zoning
Commercial - Highway Commercial Zoning, Land Use code 447 Office Building 1 and 2 story
Parking
82 Spaces (5.02 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
120 SF of office space available for lease on 2nd floor. $550 per month.
228 SF of office space available for lease on the 2nd floor. Space has restroom on floor, breakroom, and shared conference room.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 120 SF | Office | Full Build-Out | Now |
| 2nd Floor | 228 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 120 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 228 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 120 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
120 SF of office space available for lease on 2nd floor. $550 per month.
2nd Floor
| Size | 228 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
228 SF of office space available for lease on the 2nd floor. Space has restroom on floor, breakroom, and shared conference room.
PROPERTY TAXES
| Parcel Number | 04-10626-810 | Improvements Assessment | £333,744 (2024) |
| Land Assessment | £71,401 (2024) | Total Assessment | £405,146 (2024) |
PROPERTY TAXES
Parcel Number
04-10626-810
Land Assessment
£71,401 (2024)
Improvements Assessment
£333,744 (2024)
Total Assessment
£405,146 (2024)
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10400 Blacklick Eastern Rd
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