Share This Listing

Message

917 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

BrightView Health - Springfield, OH 201 N Yellow Springs St 6,600 SF Office Building Springfield, OH 45504 $2,026,666 CAD ($307.07 CAD/SF) 7.65% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • BrightView is an addiction treatment center that combines medical treatment with psychological therapy and social services.
  • BrightView operates over 75 locations in 5 states: Ohio, North Carolina, Kentucky, Virginia, and Maryland.
  • Located across the street from Mercy Health - Springfield Regional Medical Center.
  • Double net (NN) lease with just under 3 years remaining on a 9-year term, featuring two 5-year extension options
  • The building is 6,600 SF and was completely renovated in 2019.

EXECUTIVE SUMMARY

Sands Investment Group is pleased to exclusively present the 6,600 SF BrightView property at 201 North Yellow Springs Street in Springfield, OH. Completely renovated in 2019, this turnkey asset is backed by a strong tenant with just under 3 years remaining on a 9-year lease and two additional 5-year renewal options - offering investors long-term
stability and income potential.
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Sco Reid - Lic. OH #BRKP.2020001224

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,600 SF
Building Class
C
Year Built/Renovated
2002/2019
Price
$2,026,666 CAD
Price Per SF
$307.07 CAD
Cap Rate
7.65%
NOI
$154,984 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,600 SF
Slab To Slab
14’
Building FAR
0.21
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
CC-2 - Office and Retail
Parking
49 Spaces (7.42 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • 6,600 SF
  • -
  • Triple Net
  • Jun 2028

Brightview Health offre des programmes ambulatoires de traitement de la toxicomanie à plusieurs endroits au pays. Leurs plans de traitement offrent une approche holistique, compatissante et globale de la toxicomanie. Ils vous offrent un environnement sécuritaire et positif pour faciliter votre rétablissement et votre guérison. Leur programme intensif de consultation externe comprend des séances de thérapie, des groupes de soutien, un traitement à la suboxone et de nombreuses autres options de traitement. Ils comprennent que la dépendance est souvent enracinée dans des problèmes de santé mentale et de santé comportementale. Leurs patients reçoivent un niveau de soins exceptionnel qui repose sur leur philosophie de traiter tout le monde avec respect et empathie.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance 6,600 SF - Triple Net Jun 2028

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-00600-00542-0033
Land Assessment
$60,765 CAD
Improvements Assessment
$314,930 CAD
Total Assessment
$375,696 CAD
  • Listing ID: 37412632

  • Date on Market: 2023-09-21

  • Last Updated:

  • Address: 201 N Yellow Springs St, Springfield, OH 45504

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}