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Office Warehouse

Suburban Columbus Industrial Portfolio

1000 Morrison Rd, Columbus, OH 43230

Listing Price: $24,000,000

Cap Rate
6.20%
Gross SF
235,993
Price/Gross SF
$101.70
Year Built
1999
Rentable SF
235,993

Investment Overview

This portfolio investment offering consists of 234,393 square feet of Industrial and Flex space across 10 buildings. The buildings are located in two of the top suburban business locations in Columbus: Gahanna / Airport and Westerville / Polaris. The buildings are 89.8 percent occupied across 33 tenant suites, which serve a diversified mix of corporate, small-business and government uses, including bakeries, landscaping, apparel, warehouse, GSA, fitness, professional services, manufacturing and commercial service / repair. This diversified offering includes attractive CMBS debt financing. The properties are also suitable for investors located outside Central Ohio, as the properties are all professionally managed and leased by a third-party services firm.

Investment Highlights

  • Stable Industrial Flex Offering in Desirable Columbus Submarkets
  • 89 Percent Occupancy With Diversified Mix of 33 Tenants and Positive Leasing Outlook
  • Attractive In-Place CMBS Financing To Be Assumed
  • Staggered Lease Expirations And Healthy Rent Levels
  • Ten Buildings in Two Desirable Submarkets - Gahanna and Westerville
  • Opportunity To Add Value Through Cosmetic Enhancements

Exclusively Listed By

Office Warehouse

Suburban Columbus Industrial Portfolio

Listing Price: $24,000,000

Cap Rate
6.20%
Gross SF
235,993
Price/Gross SF
$101.70
Year Built
1999
Rentable SF
235,993

Investment Highlights

  • Stable Industrial Flex Offering in Desirable Columbus Submarkets
  • 89 Percent Occupancy With Diversified Mix of 33 Tenants and Positive Leasing Outlook
  • Attractive In-Place CMBS Financing To Be Assumed
  • Staggered Lease Expirations And Healthy Rent Levels
  • Ten Buildings in Two Desirable Submarkets - Gahanna and Westerville
  • Opportunity To Add Value Through Cosmetic Enhancements

Investment Overview

This portfolio investment offering consists of 234,393 square feet of Industrial and Flex space across 10 buildings. The buildings are located in two of the top suburban business locations in Columbus: Gahanna / Airport and Westerville / Polaris. The buildings are 89.8 percent occupied across 33 tenant suites, which serve a diversified mix of corporate, small-business and government uses, including bakeries, landscaping, apparel, warehouse, GSA, fitness, professional services, manufacturing and commercial service / repair. This diversified offering includes attractive CMBS debt financing. The properties are also suitable for investors located outside Central Ohio, as the properties are all professionally managed and leased by a third-party services firm.

Exclusively Listed By

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