5240 Socialville-Fosters Rd Mason, OH 45040
- Office Properties & Spaces
- 3,602 SF
- 0.08 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 5240 Socialville-Fosters Rd
- Year built
- 2006
- Lot size
- 0.08 lot acres
- Property size
- 3,602 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
Offered for sale is a 3,602-square-foot medical office building located at 5240 Socialville-Fosters Rd, Mason, OH 45040. This single-tenant, absolute NNN net-leased property is currently 100% occupied by Low T Center, a tenant backed by a corporate guarantee from SynergenX Health Holdings LLC (acquired in 2021). The lease commenced April 30, 2018, and has a remaining term of approximately 8.4 years, expiring April 29, 2033, with one 5-year lease option. Rent escalates annually at 2% in the primary term and 2.5% in the option periods. The property boasts a strong 7.00% cap rate and a Net Operating Income (NOI) of $95,200. Built in 2006, this property sits on a 0.08-acre lot and is part of a larger 2.05-acre medical office condo development in the desirable Deerfield Station, offering excellent visibility and access on Socialville-Foster Road (16,150 vehicles per day). The property benefits from a strong demographic profile, with over 156,499 residents and an average household income of $146,005 within a five-mile radius. Its proximity to Deerfield Towne Center, a large retail development, further enhances its appeal. The asking price is $1,360,000, representing a price per square foot of $377.57. The property's APN is 16-33-212-013-0.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mason
- County
- Warren
- State
- Ohio
- Longitude
- -84.3171
- Latitude
- 39.3214
