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Office

Cleveland Ave Offices

5975 Cleveland Ave, Columbus, OH 43231

Listing Price: $2,002,000

Cap Rate
8.00%
Gross SF
17,701
Rentable SF
17,701
Price/Gross SF
$113.10
Lot Size
2.42 acres
Year Built
1988

Investment Overview

The DiSalvo Group of Marcus & Millichap is pleased to present for sale the Cleveland Avenue Office Buildings in Columbus Ohio. The Cleveland Avenue Office property is a three-building subject property totaling 17,701 square feet. Of the three buildings, the first was built in 1994 equaling 6,160 sf, the second was built in 1998 equaling 4,156 sf, and the last building was built in 1999 and is 7,385 sf. The subject property sits on 2.41 acres of land is a short quarter mile from I270. The building is positioned in a very high-density area with a great street view of Cleveland Avenue, as well as being within 10-minute drive to some of the best malls in Columbus.

The Cleveland Avenue Offices have been well maintained by current ownership. The subject property sits at 87.88% occupancy and has been well occupied through current ownership. The investment provides for a low risk stabilized return, with the tenants that are accustomed to a great relationship with their landlord.

The Cleveland Ave office provides for a great fundamental real estate investment, with a diversified rent roll. Located on Cleveland Avenue in Columbus, the subject property is a short 15-minute drive to downtown. The Cleveland Avenue Offices is offered to the market asking $2,020,000 reflecting an 8.00% cap rate.

Investment Highlights

  • Great Street Side Appeal Sitting Along Cleveland Avenue With 33,000 VPD
  • Strategically Positioned .25 Miles from I-270 Major Interstate System Around Columbus
  • Abundance of Parking 7.12/1,000 SF
  • 17,701 Square-Foot Multi-Tenant Professional Office Buildings
  • High Historical Occupancy Area, currently sitting at 87.88%

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $2,002,000

Cap Rate
8.00%
Gross SF
17,701
Rentable SF
17,701
Price/Gross SF
$113.10
Lot Size
2.42 acres
Year Built
1988

Investment Highlights

  • Great Street Side Appeal Sitting Along Cleveland Avenue With 33,000 VPD
  • Strategically Positioned .25 Miles from I-270 Major Interstate System Around Columbus
  • Abundance of Parking 7.12/1,000 SF
  • 17,701 Square-Foot Multi-Tenant Professional Office Buildings
  • High Historical Occupancy Area, currently sitting at 87.88%

Investment Overview

The DiSalvo Group of Marcus & Millichap is pleased to present for sale the Cleveland Avenue Office Buildings in Columbus Ohio. The Cleveland Avenue Office property is a three-building subject property totaling 17,701 square feet. Of the three buildings, the first was built in 1994 equaling 6,160 sf, the second was built in 1998 equaling 4,156 sf, and the last building was built in 1999 and is 7,385 sf. The subject property sits on 2.41 acres of land is a short quarter mile from I270. The building is positioned in a very high-density area with a great street view of Cleveland Avenue, as well as being within 10-minute drive to some of the best malls in Columbus.

The Cleveland Avenue Offices have been well maintained by current ownership. The subject property sits at 87.88% occupancy and has been well occupied through current ownership. The investment provides for a low risk stabilized return, with the tenants that are accustomed to a great relationship with their landlord.

The Cleveland Ave office provides for a great fundamental real estate investment, with a diversified rent roll. Located on Cleveland Avenue in Columbus, the subject property is a short 15-minute drive to downtown. The Cleveland Avenue Offices is offered to the market asking $2,020,000 reflecting an 8.00% cap rate.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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