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Warehouse

Produce Terminal Coolers & Warehouses

4561 E 5th Ave, Columbus, OH 43219

Listing Price: $3,600,000

Cap Rate
6.19%
Gross SF
38,460
Price/Gross SF
$93.60
Lot Size
6.92 acres
Year Built
1964
Rentable SF
38,460

Investment Overview

100 percent occupied multi-tenant industrial investment property with 20 units that feature coolers, warehousing and front-loaded docks for food distribution. The property consists of 38,460 square feet usable (enclosed) and 54,000 rentable square feet (including covered loading docks) on 6.92 acres.

Investment Highlights

  • 100 Percent Occupied Multi-Tenant Industrial Investment Property with 20 Units that Feature Coolers and Warehouses for Food Distribution
  • 38,460 Square Feet Usable (Enclosed) and 54,000 Rentable Square Feet (Including Covered Loading Docks) on 6.92 Acres Zoned M
  • Value-Add Opportunity with Significant Income Appreciation Potential
  • Units are Individually Metered for Electricity, Water and Gas - Each Bay Measures 75' x 25' and Includes Mezzanine Offices and Storage Not Included in Square Feet
  • Leased By Six Tenants on Triple-Net and Double-Net Leases, Some with Occupancy Dating Back to 1964
  • Prime Location for Columbus Area Distribution in Airport Submarket and Only 1.6 Miles to I-270
  • Strong Tenant Demand for Small Industrial Bays with Coolers, Warehousing and Dock Facilities
  • Covered Loading Docks in Front and Rear Offer Expansion Potential for Tenants and Operations

Exclusively Listed By

Financing By

Warehouse

Produce Terminal Coolers & Warehouses

Listing Price: $3,600,000

Cap Rate
6.19%
Gross SF
38,460
Price/Gross SF
$93.60
Lot Size
6.92 acres
Year Built
1964
Rentable SF
38,460

Investment Highlights

  • 100 Percent Occupied Multi-Tenant Industrial Investment Property with 20 Units that Feature Coolers and Warehouses for Food Distribution
  • 38,460 Square Feet Usable (Enclosed) and 54,000 Rentable Square Feet (Including Covered Loading Docks) on 6.92 Acres Zoned M
  • Value-Add Opportunity with Significant Income Appreciation Potential
  • Units are Individually Metered for Electricity, Water and Gas - Each Bay Measures 75' x 25' and Includes Mezzanine Offices and Storage Not Included in Square Feet
  • Leased By Six Tenants on Triple-Net and Double-Net Leases, Some with Occupancy Dating Back to 1964
  • Prime Location for Columbus Area Distribution in Airport Submarket and Only 1.6 Miles to I-270
  • Strong Tenant Demand for Small Industrial Bays with Coolers, Warehousing and Dock Facilities
  • Covered Loading Docks in Front and Rear Offer Expansion Potential for Tenants and Operations

Investment Overview

100 percent occupied multi-tenant industrial investment property with 20 units that feature coolers, warehousing and front-loaded docks for food distribution. The property consists of 38,460 square feet usable (enclosed) and 54,000 rentable square feet (including covered loading docks) on 6.92 acres.

Exclusively Listed By

Financing By

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