4015 Dublin Granville Rd Dublin, OH 43017
Call to check price and availability
High-yield medical office, strong tenant.
Property size:
50,020 SFProperty Features for 4015 Dublin Granville Rd
General Information
- Property type
- Medical offices
- Square Feet
- 50,020 SF
- Class
- B
- Lot Size
- 217,800 SF
Building Details
- Year Built/Renovated
- 1986/1991
- Buildings
- 1
- Stories
- 2
Listing Agency: Alterra Real Estate Advisors Listing Agent: Brad Kitchen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional two-story, 50,020 square foot Class B medical office building presents a compelling value-add investment opportunity in Dublin, Ohio. Boasting a 90.5% occupancy rate with a single, long-term tenant—Reach Educational Services—under a net lease extending through 2033, this property offers significant upside potential. The building features a newer roof (installed within the last seven years), nearly all HVAC units have been recently replaced, and energy-efficient upgrades including solar power and LED lighting have been implemented. A completed PACE energy efficiency project provides tax abatement. The property sits on a five-acre lot with prominent monument signage on Dublin-Granville Road, enjoying high visibility to 23,000 vehicles daily. Its strategic location near the new $300 million Dublin Bridge Park Development and Dublin Methodist Hospital further enhances its appeal. The asking price is $8,950,000, representing a 7.00% cap rate at current occupancy and a pro-forma cap rate of 8.20% at 100% occupancy. Lease options are available. The property is zoned BSD-O. This is a rare opportunity to acquire a stable, high-performing asset with substantial growth prospects in a thriving Ohio market. The tenant provides Applied Behavior Analytic (ABA) services.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical offices
Location Insight
- Map
- Local Demand
- City
- Dublin
- County
- Franklin
- State
- Ohio
- Longitude
- -83.098242
- Latitude
- 40.098381
Nearby Similar for Sale
FAQs
What type of property is this?
Medical office - High-yield medical office, strong tenant.
Where is this medical office located?
The property is located at 4015 Dublin Granville Rd Dublin, OH.
What is the asking price?
The asking price for this property is $8,950,000.
What are key features of this property?
This property features: Single-tenant medical office building; 43,400 SF (92%) leased to Reach Educational Services through 2033, with expansion potential.; High-visibility location on Dublin-Granville Rd. (23,000 vehicles per day) with monument signage.; Excellent location adjacent to the new $300 million Dublin Bridge Park Development, near Dublin Methodist Hospital.
