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$4,547,500
Westerville, OH 43081
MLS# 216036361
Status: Closed
26510 sqft
1 / 13
Property Description
Recently constructed retail shopping center for sale at the corner of Hamilton & Warner Roads. This center is well positioned for future success as the area continues to rapidly develop. Strategically located less than a half mile to SR-161 and less than 3 miles to I-270, the center reaches the affluent New Albany and Westerville sub-markets. Population growth in the area has increased 49.44% since 2010 and roadway expansion along Hamilton Road will increase traffic counts to over 20,000 cars per day along Hamilton Rd. In addition, in the last five years, nearly 4,000 apartment units and 2,000 single family homes have been built within 2 miles of the center. This 2008 center is being offered at a 6.52% CAP rate. Tenants have signed net-leases providing minimal Landlord responsibilities.
Details
Location & Property Info
List Price/SqFt: 182.95
City (Mailing Addr): Westerville
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Total SqFt Available: 26510
Bldg Sq Ft: 26510
Max Cont Sqft Avail: 26510
Minimum Sqft Avail: 26510
# of Docks: 0
# of Floors Above Gr: 1
Year Built: 2008
Acreage: 3.64
Tax Info
Zoning: CPD
Mult Parcels/Sch Dis: No
Tax Abatement: No
Parcel #: 010-278313
Tax Year: 2015
Remarks & Misc
Property Description: Recently constructed retail shopping center for sale at the corner of Hamilton & Warner Roads. This center is well positioned for future success as the area continues to rapidly develop. Strategically located less than a half mile to SR-161 and less than 3 miles to I-270, the center reaches the affluent New Albany and Westerville sub-markets. Population growth in the area has increased 49.44% since 2010 and roadway expansion along Hamilton Road will increase traffic counts to over 20,000 cars per day along Hamilton Rd. In addition, in the last five years, nearly 4,000 apartment units and 2,000 single family homes have been built within 2 miles of the center. This 2008 center is being offered at a 6.52% CAP rate. Tenants have signed net-leases providing minimal Landlord responsibilities.
Status Change Info
Sold Price/SqFt: 171.54
Under Contract Date: 2019-09-23
Sold Date: 2019-11-15
Sold Price: $4,547,500
Income/Expenses
Gross Income: 471243
Net Operating Income: 316294
Total Expenses: 154950
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 5.84
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 5300000
Sold Price: $4,547,500
Property Sub Type: Shopping Center
Street #: 6445
Street Name: HAMILTON
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43081
Subdiv/Cmplx/Comm: Albany Place Shopping Center
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2016-10-06
Property Features
Addl Acceptance Cond: None Known
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
MLS Primary PhotoSrc: Realtor Provided
Listing Office: The Robert Weiler Company
Listing Agent: Alexander Marsh
Last Updated: January - 17 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2025 Columbus Board of Realtors. All rights reserved.
Get in Touch!
Ohio Commercial Real Estate
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787 S. State St., Suite C, Westerville, Ohio 43081
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614.890.7653
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[email protected]