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Warehouse

4352 - 4368 Indianola Avenue

4352 Indianola Ave, Columbus, OH 43214

Listing Price: $2,770,000

Cap Rate
6.71%
Gross SF
16,650
Price/Gross SF
$166.37
Lot Size
1.10 acres
Year Built
1989
Rentable SF
16,650

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.

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

Warehouse

4352 - 4368 Indianola Avenue

Listing Price: $2,770,000

Cap Rate
6.71%
Gross SF
16,650
Price/Gross SF
$166.37
Lot Size
1.10 acres
Year Built
1989
Rentable SF
16,650

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

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