4020 Goeller Blvd

4020 Goeller Blvd, Columbus, Indiana 47201

  • Property Subtypes Medical , Other , Office Building
  • Building Size (RSF) 6,364 SF
  • Gross Building Area 6,364 SF
  • Building Name Group IV
  • Building Status Existing
  • Sale Price $962,000.00 Total
  • Unit Price $151.16 per SF
  • Property Use Type Investment
  • Class of Space Class B
  • Total Land Size 0.53 SF
  • Sale Terms Cash to Seller
  • Cap Rate 6.7
  • Auction Avg Occupancy Rate 100
  • Last Updated 10/26/2020
  • Days on Market 769 Days
  • Status active

Overview / Comments

4020 Goeller Blvd. has 6364 square feet of rented space with four tenants one is medical use and the remaining three that are office use. The tenants are Family Dental, Traditions Mgmt., Everwood Inc., and Aviation Tax. The building has been continuously well maintained. The roof was replaced in 2012. The Dental office was remodeled and renovated in December 2017. The property is zoned Medical/Office and is part of a PUD. This would be an excellent opportunity for a 1031. This building has two levels. This building is in excellent condition with no deferred maintenance. 4020 Goeller Blvd. has 6364 square feet of rented space with three tenants one is also medical use and two that are office use. This building is 100% leased.

Financials

  • Finance Data Year 2020
  • Real Estate Taxes - Annual($) 13,787.04
  • Net Operating Income $65,000
  • Gross Operating Income $86,244.36
  • Actual or Proforma Year Actual

Additional Details

  • Tax ID/APN 03-95-28-110-000.101-005
  • Zoning Medical/ General Office
  • Property Visibility Good
  • Total Number of Buildings 1
  • Year Built 1988
  • Year Renovated 2017
  • Tax Auth Bartholomew
  • Land Ownership Owned
  • Zoning Description Medical/ General Office

Current Tenants

  • Tenant Business Name Family Dental Care of Indiana
  • Space Occupied 3,612
  • Current Rent $10
  • Lease Expiration 12/2022
  • Options
    yes
  • Tenant Notes
    Tenant has been in this location since 2009 and recently renovated the office.
  • Tenant Business Name Aviation Tax
  • Space Occupied 1,700
  • Current Rent $10
  • Lease Expiration 03/2022
  • Escalations
    This is a NNN lease adjusted annually
  • Tenant Notes
    Tenant has been is this location since 2005
  • Tenant Business Name Traditions Managment
  • Space Occupied 248
  • Current Rent $26
  • Lease Expiration 05/2021
  • Tenant Notes
    Tenant has been is this location since 2020
  • Tenant Business Name Everwood Hospitality Managment
  • Suite Number G
  • Space Occupied 1,506
  • Current Rent $10
  • Lease Expiration 03/2023
  • Escalations
    This is a NNN lease adjusted annually.

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