$1,050,000
Lewis Center, OH 43035
MLS# 222024644
Status: Closed
15120 sqft
1 / 18
Property Description
FANTASTIC IRS Section 1031 Like Kind Exchange replacement property with strong return. Fantastic location in Green Meadows Commerce Center at 8861 Whitney Drive featuring 15,120 square foot office/showroom/warehouse condo in Green Meadows Commerce Center in Lewis Center, OH. NNN leased through July, 2025 with 2 - 5 year renewals to Environmental Stoneworks. Rental income of $88,305 annually w/2.5% increases annually. Absolute NNN lease - tenant pays interior, exterior maintenance, taxes, insurance and condo dues. Environmental Stoneworks provided and installs stone veneer for residential & commercial properties. Lease documents provided to qualified buyers with a signed Confidentiality/Non - Disclosure Agreement. Asking price of $990,000 - 8.9 CAP !!! RARE FIND !!!
Details
Maps
Documents
Location & Property Info
List Price/SqFt: 330
City (Mailing Addr): Lewis Center
Corp LimitPerAuditor: Delaware
Dist to Interchange: 0.1
Office/Contract Info
For Sale: Yes
Exchange: Yes
For Lease: No
Lease Rate $/Sq Ft: 7.3
General Property Info
Previous Use: Investment
Bldg Sq Ft: 15120
Max Cont Sqft Avail: 15120
Minimum Sqft Avail: 15120
Occupancy Rate: 100
Office Sq Ft: 3000
# of Docks: 2
Dock Size: 10 X 12
Lot Size (Side): IRR
Year Built Status: 2001
Use Code: 450 - OFFICE BLDG-CONDOMINIUM
SqFt ATFLS: 15120
Number of Units: 1012
# of Floors Above Gr: 1
Year Built: 2001
Tax Info
Zoning: Commercial
Addl Parcel Numbers: Green Meadows Center of Commerce
Assessment: None Known
Tax Abatement: No
Abatement End Date: 2021-12-31
Taxes (Yrly): 32898
Tax Incentive: No
Parcel #: 31304014544
Remarks & Misc
Property Description: FANTASTIC IRS Section 1031 Like Kind Exchange replacement property with strong return. Fantastic location in Green Meadows Commerce Center at 8861 Whitney Drive featuring 15,120 square foot office/showroom/warehouse condo in
Green Meadows Commerce Center in Lewis Center, OH. NNN leased through July, 2025 with
2 - 5 year renewals to Environmental Stoneworks. Rental income of $88,305 annually
w/2.5% increases annually. Absolute NNN lease - tenant pays interior, exterior maintenance,
taxes, insurance and condo dues. Environmental Stoneworks provided and installs stone
veneer for residential & commercial properties. Lease documents provided to qualified buyers with a signed Confidentiality/Non - Disclosure Agreement. Asking price of $990,000 - 8.9 CAP !!! RARE FIND !!!
Status Change Info
Sold Price/SqFt: 350
Under Contract Date: 2022-07-08
Sold Date: 2022-09-02
Sold Price: $1,050,000
Income/Expenses
Gross Income: 88305
Net Operating Income: 88305
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 2.18
T Contracts Directly
All: 1
All Utilities: 1
Building Insurance: 1
Cam: 1
Janitorial: 1
Repairs: 1
RE Taxes: 1
Construction
Block: 1
Heat Fuel
Gas: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Heat Type
Forced Air: 1
Electric
3 Phase: 1
Single Phase: 1
Miscellaneous
Public Transport: 1
Security System: 1
Alternate Uses
Office: 1
Auction Info
Auction/Online Bidding Y/N: No
New Financing
Conventional: 1
Sprinkler
Wet: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: Y
Seller/Buyer Concessions: N
Location Property Info
Original List Price: 990000
Sold Price: $1,050,000
Property Sub Type: Mixed Use
Street #: 8861
Street Name: Whitney
Street Suffix: Drive
County: Delaware
State: OH
Zip Code: 43035
Subdiv/Cmplx/Comm: Showroom/Office and warehouse in Green Meadows Center Commerce Center
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2022-07-05
Property Features
Addl Acceptance Cond: None Known
T Contracts Directly: All; All Utilities; Building Insurance; Cam; Janitorial; Repairs; RE Taxes
Heat Fuel: Gas
Heat Type: Forced Air
Electric: 3 Phase; Single Phase
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Construction: Block
Sprinkler: Wet
Miscellaneous: Public Transport; Security System
Alternate Uses: Office
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Whitney Drive 
Listing Office: Howard Hanna Real Estate Svcs
Listing Agent: Gregory J Hrabcak
Last Updated: February - 24 - 2025
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