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125 W North St 36,096 SF 100% Leased Office Building Lima, OH 45801 $1,356,013 CAD ($37.57 CAD/SF) 9.54% Cap Rate
Executive Summary
Great investment opportunity. State agency as long tern tenant. Additional long term tenant. Plus parking garage has 74 rented spaces.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$227,166
|
$6.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$227,166
|
$6.29
|
| Taxes |
$14,437
|
$0.40
|
| Operating Expenses |
$83,392
|
$2.31
|
| Total Expenses |
$97,829
|
$2.71
|
| Net Operating Income |
$129,338
|
$3.58
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $227,166 |
| Annual Per SF | $6.29 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $227,166 |
| Annual Per SF | $6.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,437 |
| Annual Per SF | $0.40 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $83,392 |
| Annual Per SF | $2.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $97,829 |
| Annual Per SF | $2.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $129,338 |
| Annual Per SF | $3.58 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
36,096 SF
Building Class
B
Year Built
1981
Price
$1,356,013 CAD
Price Per SF
$37.57 CAD
Cap Rate
9.54%
NOI
$129,338 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,673 SF
Building FAR
2.59
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
90 Spaces (2.49 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- BJ Inspections
- Construction
- 1,450 SF
- -
- Full Service
- -
- State of Ohio
- Administrative and Support Services
- 5,610 SF
- -
- Full Service
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| BJ Inspections | Construction | 1,450 SF | - | Full Service | - | |
| State of Ohio | Administrative and Support Services | 5,610 SF | - | Full Service | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 37-31-06-21-003.000 | Total Assessment | $70,009 CAD |
| Land Assessment | $28,900 CAD | Annual Taxes | $14,437 CAD ($0.40 CAD/SF) |
| Improvements Assessment | $41,109 CAD | Tax Year | 2024 |
Property Taxes
Parcel Number
37-31-06-21-003.000
Land Assessment
$28,900 CAD
Improvements Assessment
$41,109 CAD
Total Assessment
$70,009 CAD
Annual Taxes
$14,437 CAD ($0.40 CAD/SF)
Tax Year
2024
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125 W North St
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