For Sale By Owner:

4588 KENNY ROAD OFFICE BUILDING

CONTACT: ROGER FIELDS / (614)570-2011 / romarf22@columbus.rr.com

PRICE: $625,000.

BUILDING SQ. FT.: Approximately, 9,900 sq. ft.

DESCRIPTION: Two story office building. Great location, unique design, trees, creek. Includes 5-car open garage. Quick access to Rt. 315, via Bethel Road and Henderson Road exits.

RENTAL RATE: Current rents average over $12./sq.ft./yr. Building Owner pays all utilities, taxes, and building maintenance. Tenants pay for own cleaning.

LOT SIZE: 0.74 acres.

DEVELOPMENT OPTIONS: Since the site is large, there is a possibility of adding to the building. Class M1 zoning. Arrangement would be adaptable for multiple uses.

CURRENT LEASES: Fully occupied, with mostly long-time tenants. 90% of spaces have been rented on a month-to-month basis for many years. A few small area leases will expire in two months.

APPRAISAL: The building had a full professional appraisal performed in 2008. The appraised value was $720,000. The current Franklin County Tax Value is $640,000.

BUILDING FEATURES:

Most of the interior walls are insulated for sound transmission (privacy). Approximately 24 doors have been added in last 20 years. This allows for flexibility if tenancy changes. Each individual office has its own heating and air conditioning quiet fan/coil unit and thermostat. Complete as-built CAD drawings available for site, building, heating and air conditioning, plumbing, and electrical systems.

BUILDING CONDITION:

The outside central air conditioning unit and inside chiller unit were replaced in 2012, and are working fine. The boiler was replaced in 2009, and is working fine. The fan/coil heating and air conditioning units are all working, and any problems have been fixed immediately. The awnings over the stairs have been replaced regularly as needed. The brickwork has been repaired within the last 2 years. The building roof is partially discolored from leaves from the trees. It is about 18 years old, and is in good condition. The garage roof was replaced 11 years ago. Some items in need of repair: Some wood siding needs repaired/painted; some exterior concrete needs repair; some exterior brick siding needs cleaned; some parking lot asphalt repair is needed; some gutter work needs done; back exterior stairway needs repair; some leaves/sticks need removed from roof surface; some grass areas need repair.

The information posted about this property on this website is a preliminary draft Please call for more details and/or clarification. More and/or updated information will be posted as it becomes available.

CONTACT: ROGER FIELDS / (614)570-2020 / romarf22@columbus.rr.com

For more information, CONTACT: ROGER FIELDS

(614)570-2011

romarf22@columbus.rr.com