Rycon Professional Center - 2 Buildings | 1550 Yankee Park Pl
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Rycon Professional Center - 2 Buildings 1550 Yankee Park Pl
12,400 SF Office Building Dayton, OH 45458 $2,100,000 ($169/SF) 7.55% Cap Rate
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 |
$220,800
|
$22.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$220,800
|
$22.08
|
| Taxes |
$50,723
|
$5.07
|
| Operating Expenses |
$11,439
|
$1.14
|
| Total Expenses |
$62,162
|
$6.22
|
| Net Operating Income |
$158,638
|
$15.86
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $220,800 |
| Annual Per SF | $22.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $220,800 |
| Annual Per SF | $22.08 |
| Taxes | |
|---|---|
| Annual | $50,723 |
| Annual Per SF | $5.07 |
| Operating Expenses | |
|---|---|
| Annual | $11,439 |
| Annual Per SF | $1.14 |
| Total Expenses | |
|---|---|
| Annual | $62,162 |
| Annual Per SF | $6.22 |
| Net Operating Income | |
|---|---|
| Annual | $158,638 |
| Annual Per SF | $15.86 |
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
$2,100,000
Price Per SF
$169
Cap Rate
7.55%
NOI
$158,628
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,400 SF
Building FAR
0.28
Lot Size
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 |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $420,510 (2024) | |
| Land Assessment | $92,010 (2024) | Annual Taxes | $50,723 ($4.09/SF) |
| Improvements Assessment | $328,500 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$92,010 (2024)
Improvements Assessment
$328,500 (2024)
Total Assessment
$420,510 (2024)
Annual Taxes
$50,723 ($4.09/SF)
Tax Year
2023
1 of 38
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Rycon Professional Center - 2 Buildings | 1550 Yankee Park Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.