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8940 Kingsridge Dr - Kingsridge Medical Center I 4,225 SF Office/Medical Condo Unit Offered at $425,756 CAD in Centerville, OH 45458
INVESTMENT HIGHLIGHTS
- 6 Wet-Exam Rooms, 8 Offices, Reception, and 2 En Suite Restrooms
- 8% Cap Rate
- Common Area Waiting Room including 2 Restrooms
- Current Lease in effect until November 2027
EXECUTIVE SUMMARY
Located in Miami Township with no local earnings tax, 8940 Kingsridge Rd. is a 12,000 square foot building comprised of four medical condominiums. Suite 101 is a 3,622 square foot unit that shares a 273 square foot waiting room with the other condos. This prime location is adjacent to the Dayton Mall and offers convenient access to the expressway. The suite features a kitchenette, two en suite restrooms, and 14 exam rooms. Property features include six exam rooms with plumbing in the walls to make wet exam rooms, but no countertops in place. There is an ensuite reception area, two ensuite restrooms, and access to a common area waiting room with two additional restrooms. Ample parking is available in the large on-site lot.
PROPERTY FACTS
| Total Building Size | 12,572 SF | Typical Floor Size | 12,572 SF |
| Property Type | Office (Condo) | Year Built | 1988 |
| Property Subtype | Medical | Lot Size | 1.00 AC |
| Building Class | C | Parking Ratio | 3.98/1,000 SF |
| Floors | 1 | ||
| Zoning | Office | ||
| Total Building Size | 12,572 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 12,572 SF |
| Year Built | 1988 |
| Lot Size | 1.00 AC |
| Parking Ratio | 3.98/1,000 SF |
| Zoning | Office |
1 UNIT AVAILABLE
Unit 101
| Unit Size | 4,225 SF | Sale Type | Investment |
| Price | $425,756 CAD | Cap Rate | 8.00% |
| Price Per SF | $100.77 CAD | NOI | $34,060.45 CAD |
| Condo Use | Office/Medical | No. Parking Spaces | 50 |
| Unit Size | 4,225 SF |
| Price | $425,756 CAD |
| Price Per SF | $100.77 CAD |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 8.00% |
| NOI | $34,060.45 CAD |
| No. Parking Spaces | 50 |
DESCRIPTION
Located in Miami Township with no local earnings tax, 8940 Kingsridge Rd. is a 12,000 square foot building comprised of four medical condominiums. Suite 101 is a 3,622 square foot unit that shares a 273 square foot waiting room with the other condos. This prime location is adjacent to the Dayton Mall and offers convenient access to the expressway. The suite features a kitchenette, two en suite restrooms, and 14 exam rooms. Property features include six exam rooms with plumbing in the walls to make wet exam rooms, but no countertops in place. There is an ensuite reception area, two ensuite restrooms, and access to a common area waiting room with two additional restrooms. Ample parking is available in the large on-site lot.
SALE NOTES
The current tenant, a mental health practitioner, occupies two of the building’s condos, including one they began operating from under a new lease signed in early 2025. The current lease for Suite 101 is in effect through November 2027. The property offers an 8% cap rate, please review the Annual Property Operating Data (APOD) sheet on the last page. Please note that the condo fee is paid by the tenant, but offset on the APOD.
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8940 Kingsridge Dr - Kingsridge Medical Center I
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