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Office Medical

Delex One Medical

1069 Delaware Ave, Marion, OH 43302

Listing Price: $4,075,000

Cap Rate
8.10%
Gross SF
24,358
Rentable SF
22,229
Price/Gross SF
$167.30
Occupancy
84.0%
Year Built
1995
Lot Size
1.49 acres

Investment Overview

Marcus & Millichap is pleased to present the Delex One Medical Building, located in Marion, Ohio, approximately fifty-two miles North of Columbus. The multi-tenant NN leased property is approximately eighty-four percent occupied by six tenants, with leases extended until 2030 and with most tenants having options to renewal. The asset provides the new investor the opportunity to own approximately 24,358 square feet of medical office space sitting in the medical pocket of Marion and half a mile from the area’s leading hospital.

Investment Highlights

  • Marion General Hospital (DBA OhioHealth) and Nationwide Children's Hospital Both Occupy Space in the Subject Property and Both Have a Moody's Rating of Aa2
  • 84% Leased Medical Office Building Located in the Medical Pocket of Marion, Ohio
  • Property Sits within Half a Mile from Marion General Hospital (OhioHealth), Allowing Ease of Access for Patients and Employees.

Exclusively Listed By

Listing Price: $4,075,000

Cap Rate
8.10%
Gross SF
24,358
Rentable SF
22,229
Price/Gross SF
$167.30
Occupancy
84.0%
Year Built
1995
Lot Size
1.49 acres

Investment Highlights

  • Marion General Hospital (DBA OhioHealth) and Nationwide Children's Hospital Both Occupy Space in the Subject Property and Both Have a Moody's Rating of Aa2
  • 84% Leased Medical Office Building Located in the Medical Pocket of Marion, Ohio
  • Property Sits within Half a Mile from Marion General Hospital (OhioHealth), Allowing Ease of Access for Patients and Employees.

Investment Overview

Marcus & Millichap is pleased to present the Delex One Medical Building, located in Marion, Ohio, approximately fifty-two miles North of Columbus. The multi-tenant NN leased property is approximately eighty-four percent occupied by six tenants, with leases extended until 2030 and with most tenants having options to renewal. The asset provides the new investor the opportunity to own approximately 24,358 square feet of medical office space sitting in the medical pocket of Marion and half a mile from the area’s leading hospital.

Exclusively Listed By

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