Investment Overview

Marcus & Millichap is pleased to present to market available for sale the Corporate Exchange Office Portfolio – a two-building Class A office park situated along Corporate Exchange Drive in Columbus, Ohio. The properties were built in 1983 and are approximately 194,970 square feet combined. The portfolio is home to a vast mix of professional, medical, and government tenants. The offering provides a unique opportunity to investors as the properties include a wide variety of availability and high-end finishes, providing flexibility leasing opportunity for new and existing tenants. The properties have proven to be an attractive destination for a diverse tenant mix, as the properties sit at just over 83 percent occupied between the two buildings. Market: The City of Westerville is home to many retailers, manufacturers, and other businesses. The surrounding area has a wide array of restaurants, movie theaters, shopping centers, hotels, apartments, single family homes, warehousing facilities, etc. Sitting just East of the Corporate Exchange Office Portfolio is the new $28 billion Intel chip plant that has brought a plethora of jobs and migration into the Columbus MSA, that has helped the city and entire state flourish with population growth. The city of Westerville has proven to be a destination for investors, larger corporations, mom & pop shops, and all others. Community Investment: Intel is constructing a $28 B semiconductor manufacturing facility in New Albany, Ohio, marking one of the largest private investments in the state’s history. The facility known as “Ohio One”, is situated on a 1,000-acre site in Licking County, just east of Columbus. At the full buildout, the project could involve up to $100 Billion in investment over the next decade. The plans involve creating approximately 3,000 permanent jobs at the facility, with an average annual salary of $135,000. This investment is sparking massive job and wage growth in the immediate area, which will only further help properties like this gain value and tenancy in the long run. Stable Current Tenant Mix: The Corporate Exchange Office Portfolio is sitting at just over 83 percent occupancy with a strong variety of tenants, due to the flexibility of spaces in each building. With a good mix of large and small spaces in the buildings which have become an attractive destination for many local and regional businesses. The portfolio has a healthy WALT spread across a variety of tenants while being anchored by the Ohio Housing Finance Agency. Why Corporate Exchange Portfolio: With an excellent rent roll and premier tenant mix, the Corporate Exchange Portfolio is an outstanding investment opportunity for investors seeking a stable return that also contains an element of value-add opportunity as well. Across numerous long-standing tenants, some recent tenant expansions, and newly executed leases, the portfolio realizes consistent activity and has historically operated at very strong occupancy rates. Featuring professional, medical, and government users, the Corporate Exchange Portfolio is the highly coveted professional park of the submarket and offers excellent investment stability and flexibility for years to come. Location: The buildings 2550 and 2600 Corporate Exchange Drive benefit from a strategically strong location that enhances their appeal to both regional and national tenants. The properties are just located off I-270, the outer beltway of Columbus, which provides easy access to I-71, I-270, and US-23. On average, the annual average daily traffic (AADT) on I-270 near Corporate Exchange Office Park is nearly 100,000 vehicles per day. Property Features: The Corporate Exchange Office Portfolio is a rare opportunity that provides a stable investment while containing value add aspects as well. The buildings provide easy access from both interstate as well as local corridors, making it extremely easy for tenants and visitors to navigate their way to conduct business operations. The properties are situated on roughly 10 acres and feature about 700 parking spaces, giving the tenants a plethora of parking for each respective property. Activity and demand amongst the buildings has remained constant, with new tenants constantly being introduced on a daily basis.