4064-4074 Gantz RdGrove City, OH 43123

For Sale
$5,000,000

High-Yield Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully occupied, multi-tenant medical office condo complex in Grove City, Ohio. The property comprises two buildings totaling 17,387 square feet situated on a 2.02-acre lot. Currently boasting 100% occupancy, the property generates a strong net operating income (NOI) of $292,679, resulting in a 6.00% capitalization rate. The asking price is $5,000,000. Flexible floor plans allow for tenant build-outs, catering to diverse medical practices. The property benefits from prominent monument signage on Gantz Road, ensuring high visibility. Its strategic location offers easy access to major highways (I-270 and I-71), OhioHealth Grove City Methodist Hospital, Mt. Carmel Hospital, and both Rickenbacker International Airport and John Glenn International Airport. The property consists of two parcels: 4064-4074 Gantz Rd (9,287 sq ft, APN 040-008775-00) and 4084-4094 Gantz Rd (8,100 sq ft, APN 040-013661-00). This is a rare opportunity to acquire a high-performing, well-located medical office complex in a thriving suburban market. The net lease structure provides a stable income stream, making it an attractive investment for discerning buyers. The property's prime location in Grove City, a suburb of Columbus, Ohio, offers residents and businesses a high quality of life with the convenience of metropolitan living and the charm of a small town. Abundant shopping and dining options are within minutes.

Highlights

  • Two-building medical office condo complex totaling 17,387 square feet on a 2.02-acre lot in Grove City, OH.
  • Flexible floor plans allow for tenant build-outs.
  • Prominent monument signage on Gantz Road.
  • 100% occupied medical office property with a strong NOI.
  • 4064-4074 Gantz Rd (9,287 SF, APN 040-008775-00) and 4084-4094 Gantz Rd (8,100 SF, APN 040-013661-00).

Property Details for 4064-4074 Gantz Rd

Property type
Other office properties, Medical offices
Square Feet
17,387 SF
Buildings
2
Lot Size (sq. ft)
87,991 SF

Location Insight

City
Grove City
County
Franklin
State
Ohio
Latitude
39.8794689
Longitude
-83.0554163
4064-4074 Gantz Rd, Grove City, Ohio

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4064-4074 Gantz Rd
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