Medical Office Building In Columbus, Indiana Sold For $5.3M With Marcus & Millichap's Brokers
SOLD
$5,300,000
+ 5
Indiana
See Similar DealsOffice12,926 SF
Sold 12/02/2021
SOLD
Medical Office Building In Columbus, Indiana Sold For $5.3M With Marcus & Millichap's Brokers
3135 Middle Dr, Columbus, IN, USA
See Similar DealsOffice12,926 SF
Sold 12/02/2021
+ 5
Summary
INDIANA
Asset Type:Office
Price Per Square Foot:$410
Total Square Footage:12,926 SF
Transaction Type:Sale
A medical office located at 3135 Middle Dr. in Columbus, Indiana has been sold for $5,300,000. The property spans 12,926 square feet with a price per square foot of $410.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $5,300,000
- Address: 3135 Middle Dr.
- Market: Columbus, Indiana
- Square Footage: 12,926 sqft
The sale of this medical office was facilitated by the following brokers: Seth Haron, Ashish Vakhariya, Darin Gross, Ryan Moore, Liam Childs, Brett Rodgers, Jacob Friedman, and Frank Roti from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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