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AMIE LENHART
Sales and Leasing Associate
www.drk-realty.com
JAIMINE JOHNSON Director of Commercial Assets jjohnson@drk-realty.com Office:614.540.2404
AMIE LENHART Sales & Leasing Agent alenhart@drk-realty.com Office: 614.918.6301
PUTTING YOUR REAL ESTATE NEEDS TOGETHER ONE PIECE AT A TIME
100 Dorchester Sq.
Westerville, Ohio 43081
Office Building
10,248 SF Building
7% Cap Rate
100% Leased
$11.75 NNN Market Rental Rate
$162.00 PSF Asking Rate
Has Elevator
*Current Owner occupies the entire 2nd floor and would renegotiate his lease and do a lease back at market rates
and longer term for an INVESTOR or would also be willing to vacate all or partial of 5,124 SF for an OWNER USER.
FOR SALE $1,660,176.00
SUMMARY OF CURRENT LEASES
Suite Size PSF
Tenant Months Expiration
Date Gross Monthly
Rent Rate Gross Annual
Rent Rate
Suite 100 2,562 Fritzer (Beacon Counseling)
60 2021 $2,500.00 $30,000.00
Suite 101 2,562 Angel Care at Home, LLC
87 2025 $3,700.00 $44,400.00
2nd Floor 5,124 Diversified 84 2025 $5,000.00 $60,000.00
TOTAL: 10,248 $11,200.00 $134,400.00
SUMMARY OF CURRENT ANNUAL EXPENSES
Type of Expense Annual Amount
Utilities $12,448.00
Janitorial $7,890.00
Taxes $32,063.00
Association Fees $12,900.00
Building Maintenance $7,062.00
Insurance $9,746.00
TOTAL: $82,109.00
PSF: $8.01
SUMMARY OF BUILDING OVERVIEW
Building Name Dorchester Sq
Address 100 S Dorchester Sq
City, State Westerville, OH
Parcel 080-011323-80, 080-011323-90
Size (SF) 10,248.00
Built/ Renovated 2001
Current Vacancy 0.00
Remaining Vacancy 0.00
Market Rental Rate (NNN) $11.75
Market Rental Rate (GROSS) $19.76
Number of Parking Spaces 43
Utilities (Sep Metered?) No
Janitorial (separate) Yes
Current Estimate of OE $8.01
Common Area Factor 12%
100 Dorchester Sq. Westerville, Ohio 43081
The property is approximately a 10,248 SF building and it is in great shape, it’s been freshly painted in the common interior area, with new updated flooring and lighting. There are 4 bathrooms, 2 on each level. Elevator access when you first walk in. The property is nicely positioned in Westerville and is in Concord Square Park. Excellent location , just off SR 3 and conveniently located near banks, restaurants and shopping. Within + 1/2 mile form I-230 /SR3 interchange.
Donald R. Kenney & Company Realty 470 Olde Worthington Road. Suite 101
Columbus, Ohio 43082 614.540.2404
www.drk-realty.com
100 Dorchester Sq. Westerville, Ohio 43081
PURCHASE PROGRAM SAMPLE MODLE
Purchase Price $1,660,176.00
Cap Rate (based on market rent) 7%
PRICE PSF: $162.00
PRO FOMRA AT $11.75 PSF (NNN) MAKRET RENT
Suite 100 $30,103.50
Suite 101 $30,103.50
Suite 200 & 201 $60,207.00
NET OPERATING INCOME: $120,414.00
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