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3135 Middle Dr, Columbus, I...

Medical Office Building In Columbus, Indiana Sold For $5.3M With Marcus & Millichap's Brokers
SOLDOffice

Medical Office Building In Columbus, Indiana Sold For $5.3M With Marcus & Millichap's Brokers

3135 Middle Dr, Columbus, IN, USA

$5,300,000

$410/SF

Building Size

12,926 SF

Asset Type

Office

Closing

Dec 2, 2021

AI

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.

Players

Brett Rodgers

Marcus & Millichap

Broker

$70.7M

vol

9 deals

Broker

Columbus Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93