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2816 W 1st St
Springfield, OH 45504 Cedar Hills/Broadview Acres

$1,500,000 USD

Medical For Sale  •  7,000 SF

Property Details

  • Property Type Medical
  • Total Building Size 7,000 SF
  • Lot Size 1.73 AC
  • Building Class C
  • Year Built 1994
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
22 Walk Score

Highlights

OHIO VALLEY PRIMARY CARE: The subject property is a 7,000-square-foot freestanding medical office building situated on a large 1.73-acre lot
DOUBLE NET PLUS LEASE STRUCTURE | LIMITED LANDLORD RESPONSIBILITY: Tenant assumes full responsibility for all operating expenses including CAM
NEW LONG-TERM LEASE WITH ANNUAL INCREASES :The tenant signed a 10 year lease with two, five-year options to extend the term through 2044
2024 MAJOR RECENT RENOVATIONS COSTING OVER $565,000 :The tenant received a $225,000 Tenant improvement allowance in 2024
STRONG REGIONAL MEDICAL PRESENCE :Springfield serves as a regional healthcare destination anchored by Mercy Health Springfield Regional Medical Center
LOCATED WITHIN SPRINGFIELD’S PRIMARY COMMERCIAL CORRIDOR: Located within proximity to many nationally recognized retailers, including Walmart, & more

Property Flyers

Cap Rate: 7.00 %

Public Transportation

AirportDriveWalkDistance
James M Cox Dayton International 33 min - 25.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Dan Yozwiak 614-360-9036 Marcus & Millichap
Dan Yozwiak 614-360-9036 Marcus & Millichap