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1301 W 1st St 12,000 SF 100% Leased Office Building Springfield, OH 45504 $2,077,860 CAD ($173.15 CAD/SF)



Executive Summary
Commercial property available for lease (rear unit only) or for sale (entire property). The lease offering consists of the rear building/unit only. The front portion of the property is currently leased to an existing tenant and is not available for lease. This current lease ends 6/30/2028 with an increase yearly on the monthly installments. The rear unit includes a large open area, reception/waiting area, five (5) private offices, and two (2) full bathrooms with showers. The space also features both side and rear entrances. Lease rate is $15.00 per square foot per year. Lease type (NNN, modified gross, or gross), term, tenant improvements, CAM charges, utilities, maintenance, and other terms are subject to negotiation and will be defined in a fully executed lease agreement. The entire property is also offered for sale at $1,500,000. The front unit is currently leased. The rear unit is currently vacant. All existing leases will remain in place at closing, subject to their terms and conditions. Financial information, rent roll, and lease documents are available to qualified purchasers upon request and may require a signed confidentiality agreement. Property is located on a high-traffic roadway with surrounding commercial uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
12,000 SF
Building Class
B
Year Built
1971
Price
$2,077,860 CAD
Price Per SF
$173.15 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,468 SF
Building FAR
0.60
Lot Size
0.46 AC
Parking
33 Spaces (2.75 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $557,512 CAD | |
| Land Assessment | $134,552 CAD | Total Assessment | $692,064 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$134,552 CAD
Improvements Assessment
$557,512 CAD
Total Assessment
$692,064 CAD
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1301 W 1st St
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