1260 Monroe St NW | New Philadelphia, OH 44663
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- LoopNet Team
1260 Monroe St NW
New Philadelphia, OH 44663
Just Executed ANCHOR Tenant VA|$76/SF|9% Cap · Office Property For Sale
Investment Highlights
- Government & Medical Anchored Office Complex
- Highly Attractive 9.00% CAP Rate with Low $76/S.F. Price Point, Below Market Rental Rates and High 15.46% Expected Year-1 Cash-on-Cash Return
- Ease of Access with Excellent Frontage Along Monroe Street and Multiple Points of Ingress/Egress and 2.5 Miles to I-77 (41k VPD)
- Recent 5-Yr. Extension from Anchor VA: Self-Funded Over $200,000 to Their Award Winning Space Designed to Meet Their Specific Needs
- Strong, County-Seat Suburban Market with Avg. Household Incomes Over $65,000 Within 5-Miles
- Well-Maintained with Desirable Features: Individual Entrances to Each Suite, High Ceilings of 10’-14’, Completely Sprinklered
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
78,743 SF
Building Class
C
Year Built
1973
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
78,743 SF
Building FAR
0.25
Lot Size
7.21 AC
Zoning
Commercial - Shopping Center
Parking
380 Spaces (4.83 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 4306965000 | Improvements Assessment | $3,963,390 |
| Land Assessment | $258,490 | Total Assessment | $4,221,880 |
PROPERTY TAXES
Parcel Number
4306965000
Land Assessment
$258,490
Improvements Assessment
$3,963,390
Total Assessment
$4,221,880
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