Warehouse
4352 - 4368 Indianola Avenue
4352 Indianola Ave, Columbus, OH 43214
Listing Price: $2,770,000
Investment Overview
4352 - 4368 Indianola Avenue is a 100 percent occupied multi-tenant light industrial property in the desirable Clintonville / Northwest Columbus submarket. The property is leased to five tenants on triple-net (NNN ) leases. Currently used as light industrial space, the property has an excellent rental history in a high-barrier to entry. Tenant businesses include printing, apparel and accessories, pet care and construction.
4352 - 4368 Indianola Avenue
Investment Highlights
- 100 Percent Occupied 16,650 Square-Foot Multi-Tenant Light Industrial Property
- Desirable Business Location in the Clintonville Neighborhood of Northwest Columbus - Close to Ohio State University and 365,346 Population within Five Miles
- Five Tenants Occupy the Property with Triple-Net (NNN) Leases - Excellent Operating History and Multiple Recent Extensions
- Single Story Metal Building (Built 1989) on 1.10 Acres, Zoned C4, Permit Wide Variety of Commercial Uses
- Low Submarket Industrial Vacancy Rate of 1.3 Percent with Escalating Rents, High Barriers to Entry and Nearby Residential Developments
- Ownership Has Invested in Upgrades - Minimal Deferred Maintenance
- Potential for Income Growth by Dividing Suites - Currently Configured for Five Tenants, Building was Built for Eight Suites
- Forty-One Parking Spaces, Excellent Street Visibility and Great Highway Access
Exclusively Listed By
Financing By
Listing Price: $2,770,000
Investment Highlights
- 100 Percent Occupied 16,650 Square-Foot Multi-Tenant Light Industrial Property
- Desirable Business Location in the Clintonville Neighborhood of Northwest Columbus - Close to Ohio State University and 365,346 Population within Five Miles
- Five Tenants Occupy the Property with Triple-Net (NNN) Leases - Excellent Operating History and Multiple Recent Extensions
- Single Story Metal Building (Built 1989) on 1.10 Acres, Zoned C4, Permit Wide Variety of Commercial Uses
- Low Submarket Industrial Vacancy Rate of 1.3 Percent with Escalating Rents, High Barriers to Entry and Nearby Residential Developments
- Ownership Has Invested in Upgrades - Minimal Deferred Maintenance
- Potential for Income Growth by Dividing Suites - Currently Configured for Five Tenants, Building was Built for Eight Suites
- Forty-One Parking Spaces, Excellent Street Visibility and Great Highway Access
Investment Overview
4352 - 4368 Indianola Avenue is a 100 percent occupied multi-tenant light industrial property in the desirable Clintonville / Northwest Columbus submarket. The property is leased to five tenants on triple-net (NNN ) leases. Currently used as light industrial space, the property has an excellent rental history in a high-barrier to entry. Tenant businesses include printing, apparel and accessories, pet care and construction.
Exclusively Listed By
Financing By
