NOTES

  • ATTENDANCE – 19 Realtors, 7 Affiliates, and 26 total.
  • 2021 OFFICERS ANNOUNCED – James Wootton swore in the 2021 officers during the meeting. Including President Troy Fabish, vice president Cole Griesinger, Recorder/Secretary Robert Eggleton, and treasurer Diana Hall. Martha Hunley and John Toothman will serve on the executive committee as the two most immediate past presidents.
  • FOR THE LOVE OF REAL ESTATE EXCHANGING – The postponed 2020 OCREE Marketing Session will be made up on February 15 as a one-day session that will take place virtually.
  • LEGISLATIVE UPDATE – Greg Hrabcak explained the importance of the new Commercial Real Estate broker lien law that was sent to the governor’s desk for signature this past week. It included more time for liens to be filed and non-prevailing party is required to pay all pre-judgement and litigation expenses.
  • NEXT MEETING – January 14, 2021.

PACKAGEs

  • 5890 Venture, Dublin. Stand-alone condo building with room for up to four offices or could be one unit. 5,342 square feet. $535,000. One tenant will be out in February; other could go or stay at buyer’s discretion. Four separate gas meters. Built in 2002. No major deferred maintenance. Upstairs was recently refreshed. Lynn Singh.
  • 106-112 Wayne, London. 8% cap rate. $53,100 annual income; $7590 annual expense. $550,000. Motivated seller. Set of single-family home and a duplex. New buyer could add eight more small houses to increase cap rate. CAN ADD: 205 E First Street. Troy Fabish
  • 2278 Beech, New Albany. $599,000. 3 acre parcel zoned for light assembly / office / flex. City will allow buildings up to 55’ tall and lot can be 75% covered. Possible CRA. Zoned and entitled through New Albany. Small office is most underserved market in NA. Doug Wilson.

QUICK PITCHES

  • E. Broad, Columbus. $499,900. 19 offices. Two set of non-ADA restrooms. Close to downtown and i-71. Martha Hunley.
  • City Park and Pearl, Columbus. $1,595,000. Double, single-family and 10,000 square foot office building. Bill Greer
  • 10600 Allen. Fairfield utilities would consider private / public sewer service. 1400 feet from sewer. Darlene Kuzmic
  • 7961 Oak Valley, Reynoldsburg. $150,000. 1.68 acres. Low has sewer. Was planned to be small office / retail mix. Darlene Kuzmic
  • 3184 W. Broad, Columbus. For rent but they will consider selling it. Darlene Kuzmic
See you in January!

Published by Toby Boyce

Toby Boyce is the broker and president for C.G. Boyce Real Estate Co. in Delaware, Ohio.

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