1080 Polaris Pky
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1080 Polaris Pky
20,505 SF 100% Leased Office Building Westerville, OH 43240 £5,281,538 (£258/SF) 6.88% Net Initial Yield
Investment Highlights
- Class-A Medical Office Building
- Ample Onsite Parking
- All Suites Have Been Renovated in the Last 5 Years
- Excellent High Visibility Location off of Polaris Parkway
- 100% Occupied Asset
- Minutes from I-71, I-270 and SR 23
Executive Summary
Elford Realty is pleased to present this opportunity for an investor to purchase this Class-A ± 20,505 SF medical office building in the Polaris submarket. Situated on approximately 1.94 acres, this property is easily accessible from Polaris Parkway and Gemini Parkway and is within walking distance of many area amenities including the Polaris Fashion Mall. The building has been well maintained and is 100% occupied by three tenants including a surgery center and two dental practices. The building has excellent visibility along Polaris Parkway and is just minutes from I-71, I-270, and SR 23.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
20,505 SF
Building Class
A
Year Built
1999
Price
£5,281,538
Price Per SF
£258
Net Initial Yield
6.88%
NOI
£363,278
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
10,253 SF
Building FAR
0.24
Land Acres
1.94 AC
Zoning
LC4
Parking
121 Spaces (5.9 Spaces per 1,000 SF Leased)
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 318-433-01-002-001 | Improvements Assessment | £563,849 |
| Land Assessment | £234,015 | Total Assessment | £797,864 |
PROPERTY TAXES
Parcel Number
318-433-01-002-001
Land Assessment
£234,015
Improvements Assessment
£563,849
Total Assessment
£797,864
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Andrew Mills, SIOR, CCIM -
Kristy Daniel, SIOR -
Elford Realty, LLC
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1080 Polaris Pky
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