Wheeler Building | 66 W High St
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Wheeler Building 66 W High St
4,910 SF 100% Leased Office Building London, OH 43140 £425,981 (£87/SF) 7.70% Net Initial Yield
Investment Highlights
- Near various retailers such as Subway, Taco Bell, and Speedway Gas
- Heavy daytime traffic on W High St
Executive Summary
Remarkable commercial 4 unit built in 1977 and owned by the same owner for nearly 20 years. Also known as.. Wheeler Building. Situated on a highly visible road. Professional office space around the corner from the Court House and across the street from Speedway. Great opportunity to own a stabilized property. There are currently 2 occupied units. Orthodontist Dr James A Tetz has been renting since 1985 and pays $1,400/mo. Direct Mechanical has been there since 2019 and pays $1,200/mo. Tenants have leases until 2027. Attorney Robert Woods just recently vacated the building. 2nd floor suite with a separate bathroom (used to be attorneys office). Can be rented for $1,300+ a month. New roof 2023. 4 furnaces and 4 central airs are relatively new as well. 13 parking spots off street. Street parking adjacent to the property as well. Close to Columbus!
$20,000 worth of work on new floor and steps upstairs. Every room re-painted. Building is full with tenants.
BUILDING FULL WITH TENANTS
$20,000 worth of work on new floor and steps upstairs. Every room re-painted. Building is full with tenants.
BUILDING FULL WITH TENANTS
Financial Summary (Pro forma - 2024) 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
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) 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 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,910 SF
Building Class
C
Year Built
1977
Price
£425,981
Price Per SF
£87
Net Initial Yield
7.70%
NOI
£32,801
Percent Leased
100%
Number of Floors
2
Typical Floor Size
2,455 SF
Building FAR
0.56
Land Acres
0.20 AC
1 of 1
Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 31-01067.000 | Improvements Assessment | £54,449 (2023) |
| Land Assessment | £10,328 (2023) | Total Assessment | £64,777 (2023) |
PROPERTY TAXES
Parcel Number
31-01067.000
Land Assessment
£10,328 (2023)
Improvements Assessment
£54,449 (2023)
Total Assessment
£64,777 (2023)
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Wheeler Building | 66 W High St
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