10400 Blacklick Eastern RdPickerington, OH 43147

For Sale
$2,999,999

16,337 SF Office Building, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Property Details for 10400 Blacklick Eastern Rd

Property type
Other office properties, Other land
Square Feet
16,337 SF
Year Built
2004

Location Insight

City
Pickerington
County
Fairfield
State
Ohio
Latitude
39.9298467
Longitude
-82.7824501
10400 Blacklick Eastern Rd, Pickerington, Ohio

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10400 Blacklick Eastern Rd
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