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This exceptional commercial property, located at 10400 Blacklick Eastern Road NW in Pickerington, Ohio, presents a compelling investment opportunity. The 16,337 square foot office building, constructed in 2004, sits on a 58,806 square foot lot and boasts 100% occupancy. The asking price is $2,999,999, translating to a price per square foot of $189.75. The property's strong performance is reflected in its pro-forma NOI of $263,424 and an 8.78% pro-forma cap rate. The building's diverse tenant mix includes law offices, real estate, medical, insurance, and financial services businesses, as well as a retail salon and highway maintenance company. Its prime location offers convenient access to I-70, ensuring easy commutes. Cross easement agreements with neighboring properties provide seamless access from Rt 204/Blacklick-Eastern and Yarmouth Roads, benefiting from high daily traffic volume. The property enjoys proximity to numerous amenities, including a cinema, bookstore, coffee shop, storage facilities, fitness center, and a variety of restaurants and other businesses, all within a thriving and developing area. This fully occupied, high-performing asset represents a rare opportunity for investors seeking a stable and profitable addition to their portfolio. The property's strong tenant base and strategic location make it an ideal investment for long-term growth and return.
Highlights
$2,999,999 asking price for this 16,337 square foot office and land property.
100% occupancy with a pro-forma NOI of $263,424 and a pro-forma cap rate of 8.78%.
Located at 10400 Blacklick Eastern Road NW, Pickerington, OH 43147, offering excellent I-70 access.
Features a 58,806 square foot lot and was built in 2004.
The $189.75 per square foot price reflects a strong value in this thriving Pickerington location, near numerous amenities.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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