501 W Schrock Rd | Westerville, OH 43081
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501 W Schrock Rd
Westerville, OH 43081
Office Property For Sale
Executive Summary
501 W. Schrock Road is a landmark office building located in the heart of the Schrock Road corridor in Westerville, OH with minimal direct competition from other Class A office assets. This has helped the 501 Building continually rank as one of the top suburban office buildings in the Columbus market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
60,665 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1990
Price
£4,969,300
Price Per SF
£82
Net Initial Yield
10.70%
NOI
£531,715
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
15,166 SF
Building FAR
0.28
Lot Size
4.96 AC
Zoning
Commercial
Parking
270 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Route
- Security System
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Number | 080-010685 | Improvements Assessment | £1,318,107 |
| Land Assessment | £245,459 | Total Assessment | £1,563,566 |
PROPERTY TAXES
Parcel Number
080-010685
Land Assessment
£245,459
Improvements Assessment
£1,318,107
Total Assessment
£1,563,566
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