Rycon Professional Center - 2 Buildings | 1550 Yankee Park Pl
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Rycon Professional Center - 2 Buildings 1550 Yankee Park Pl
12,400 SF Office Building Dayton, OH 45458 £1,656,900 (£134/SF) 7.55% Net Initial Yield
Investment Highlights
- Long term tenant in place, currently negotiating extension
- Located in Washington Township
- Busy intersection
Executive Summary
Cash Flowing Property Portfolio for sale! High-end medical/office building on a hard corner at one of the busiest intersections in beautiful South Dayton! $158,628 NOI...current tenant has just shy of 4 years left on their lease. Tenant has been operating at this location for 25+ years. Recent parking lot rebuild, and all HVAC units have been either replaced or recently inspected and serviced. This property portfolio also includes 1512 Yankee Park Place, a 2000+ SF office/medical condo which is also part of the current tenant lease.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£174,434
|
£17.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£174,434
|
£17.44
|
| Taxes |
£40,072
|
£4.01
|
| Operating Expenses |
£9,037
|
£0.90
|
| Total Expenses |
£49,109
|
£4.91
|
| Net Operating Income |
£125,326
|
£12.53
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £174,434 |
| Annual Per SF | £17.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £174,434 |
| Annual Per SF | £17.44 |
| Taxes | |
|---|---|
| Annual | £40,072 |
| Annual Per SF | £4.01 |
| Operating Expenses | |
|---|---|
| Annual | £9,037 |
| Annual Per SF | £0.90 |
| Total Expenses | |
|---|---|
| Annual | £49,109 |
| Annual Per SF | £4.91 |
| Net Operating Income | |
|---|---|
| Annual | £125,326 |
| Annual Per SF | £12.53 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,400 SF
Building Class
B
Year Built/Renovated
2002/2017
Price
£1,656,900
Price Per SF
£134
Net Initial Yield
7.55%
NOI
£125,157
Tenancy
Single
Number of Floors
1
Typical Floor Size
12,400 SF
Building FAR
0.28
Land Acres
1.03 AC
Zoning
C - Office
Parking
30 Spaces (2.42 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
- Modified Gross
- May 2028
Daytons first & largest outpatient pain centers offers tratment for acute & chronic pain with a unique, personal & professional approach.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | - | Modified Gross | May 2028 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | £331,782 | |
| Land Assessment | £72,596 | Annual Taxes | £40,072 (£3.23/sf) |
| Improvements Assessment | £259,186 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£72,596
Improvements Assessment
£259,186
Total Assessment
£331,782
Annual Taxes
£40,072 (£3.23/sf)
Tax Year
2023
-
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Rycon Professional Center - 2 Buildings | 1550 Yankee Park Pl
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