271-285 S Liberty
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271-285 S Liberty
2 Office Properties Offered at $2,095,000 in Powell, OH
Investment Highlights
- * 100% Leased * Extra Land for Another Building or Major Addition to the Existing Office * Both buildings have unfinished basements
Executive Summary
1.498 Acres with two office buildings located in the Historic District of Downtown Powell, Ohio. 7760 Sq Ft of fully leased office space (As of 5/31/24). Value-add opportunities are definitely here. Both buildings have unfinished basements. 271 S. Liberty St. is situated on close to 1 full acre which would allow for an additional building or significant addition to the existing structure. Currently leased at 100% occupancy. All tenants desire to remain in place for the foreseeable future. Current leases will be provided upon receipt of a Letter of Intent and/or Purchase Contract. Current owner/user is willing to lease-back.
Data Room Click Here to Access
Taxes & Operating Expenses (Pro forma - 2023) |
Annual |
|---|---|
| Gross Rental Income |
$136,680
|
| Other Income |
-
|
| Vacancy Loss |
$3,000
|
| Effective Gross Income |
$133,680
|
| Taxes |
$18,931
|
| Operating Expenses |
$12,168
|
| Total Expenses |
$31,099
|
| Net Operating Income |
$102,581
|
Taxes & Operating Expenses (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $136,680 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,000 |
| Effective Gross Income | |
|---|---|
| Annual | $133,680 |
| Taxes | |
|---|---|
| Annual | $18,931 |
| Operating Expenses | |
|---|---|
| Annual | $12,168 |
| Total Expenses | |
|---|---|
| Annual | $31,099 |
| Net Operating Income | |
|---|---|
| Annual | $102,581 |
Property Facts
| Price | $2,095,000 | Number of Properties | 2 |
| Price / SF | $269.97 / SF | Individually For Sale | 0 |
| Cap Rate | 4.90% | Total Building Size | 7,760 SF |
| Sale Type | Investment | Total Land Area | 1.50 AC |
| Status | Active |
| Price | $2,095,000 |
| Price / SF | $269.97 / SF |
| Cap Rate | 4.90% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,760 SF |
| Total Land Area | 1.50 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 285 S Liberty St, Powell, OH 43065 | Office | 5,000 SF | 2007 | - |
| 271 S Liberty St, Powell, OH 43065 | Office | 2,760 SF | 1950 | - |
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271-285 S Liberty
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