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Medical Condo For Sale • 4,225 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 101 | Medical Office | 4,225 SF | $305,000 USD | |
DescriptionLocated in Miami Township with no local earnings tax, 8940 Kingsridge Rd. is a 12,000 square foot building comprised of four medical condominiums. Suite 101 is a 3,622 square foot unit that shares a 273 square foot waiting room with the other condos. This prime location is adjacent to the Dayton Mall and offers convenient access to the expressway. The suite features a kitchenette, two en suite restrooms, and 14 exam rooms. Property features include six exam rooms with plumbing in the walls to make wet exam rooms, but no countertops in place. There is an ensuite reception area, two ensuite restrooms, and access to a common area waiting room with two additional restrooms. Ample parking is available in the large on-site lot. Sale NotesThe current tenant, a mental health practitioner, occupies two of the building’s condos, including one they began operating from under a new lease signed in early 2025. The current lease for Suite 101 is in effect through November 2027. The property offers an 8% cap rate, please review the Annual Property Operating Data (APOD) sheet on the last page. Please note that the condo fee is paid by the tenant, but offset on the APOD. |
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Located in Miami Township with no local earnings tax, 8940 Kingsridge Rd. is a 12,000 square foot building comprised of four medical condominiums. Suite 101 is a 3,622 square foot unit that shares a 273 square foot waiting room with the other condos. This prime location is adjacent to the Dayton Mall and offers convenient access to the expressway. The suite features a kitchenette, two en suite restrooms, and 14 exam rooms. Property features include six exam rooms with plumbing in the walls to make wet exam rooms, but no countertops in place. There is an ensuite reception area, two ensuite restrooms, and access to a common area waiting room with two additional restrooms. Ample parking is available in the large on-site lot.
| 6 Wet-Exam Rooms, 8 Offices, Reception, and 2 En Suite Restrooms |
| Common Area Waiting Room including 2 Restrooms |
| 8% Cap Rate |
| Current Lease in effect until November 2027 |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| James M Cox Dayton International | 33 min | - | 22.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 50 |
| Type: | Surface |
| Included in Rent: | Yes |
David Nianouris
Howard Hanna Real Estate Services
David Nianouris
Howard Hanna Real Estate Services