SINGLE TENANT AUTISM CENTER
STONERIDGE MEDICAL & OFFICE CENTER
Cap Rate: 7% at current occupancy, 8.2% at 100% occupancy
Investment Highlights:
Medical office with upside through continued expansion of tenant into the last remaining space. They started in a portion of the building and have consistently expanded. Reach Educational Services has a lease through 2033 and occupies 43,400 SF. Reach Educational Services provides Applied Behavior Analytic (ABA) services to children and adolescence throughout Central Ohio with special needs specializing in autism and associated learning and behavioral differences.
Property Description:
Visible to 23,000 vehicles per day on Dublin-Granville Rd.
Monument signage on Dublin-Granville Rd.
Adjacent to new $300MM Dublin Bridge Park Development.
Minutes to Dublin Methodist Hospital.
90.5% of building is leased through 2033.
Newer Roof (within the last 7 years).
Nearly all HVAC units recently replaced and added solar power and LED lights.
Completed PACE energy efficiency project which provides some tax abatement.
Area Description:
The property is located in Dublin, Ohio, one of the top communities in Central Ohio, and only 25 minutes to new Intel Plant. https://dublinohiousa.gov/
Well located between Sawmill Rd and US 33; 1 mile to Sawmill Rd/I-270
interchange.
It is home to more than 20 corporate headquarters, an entrepreneurial center, thousands of thriving businesses from start-ups to international corporations, worldclass events and the urban, walkable Bridge Street District.
Dublin’s diverse and sound economic base provides the foundation for the present and future stability of the City.