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Office

6161 Busch Boulevard

6161 Busch Blvd, Columbus, OH 43229

Listing Price: $3,300,000

Cap Rate
11.32%
Gross SF
82,428
Rentable SF
82,428
Price/Gross SF
$40.03
Lot Size
4.08 acres
Year Built
1968

Investment Overview

6161 Busch Boulevard is an 82,428-square-foot office building featuring executive suite floorplans in the Worthington sub-market. The property has excellent cash flow and growth potential by leasing to market occupancy. There are over 60 occupied suites and 84 total suites in the three floors and lower level. In total there are over 309 rooms. The property is in an opportunity zone and there is ample tenant parking on the four acre parcel. The property has mostly short-term leases and is priced well below replacement cost.

Investment Highlights

  • 82,408-Square-Foot Office Building with 84 Executive Suites Across Three Floors and Lower Level
  • 63.95 Percent Occupancy With Excellent Operating Cash Flow - Stable Tenant Demand, Utilization and New Leases
  • Large Parking Lot with 313 Spaces on an Oversize Four Acre Lot with Flexible Zoning - Regional Scale Commercial C-4
  • Located in an Opportunity Zone - Columbus Northwest - Census Tract 39049009900 - Part of Worthington and North Columbus Submarkets
  • Significant Upside Opportunity from Leasing to Market - Property is 36 Percent Vacant in a Submarket with 17.5 Percent Availability Rate
  • Concrete Block Building Priced Below Replacement Cost - Attractive For Various Investment, Repositioning and Redevelopment Strategies
  • Multiple Upgrades In Recent Years - New Elevator (September 2021), Boiler (2016), LED Light Fixtures (2020), Additional Private Bathrooms
  • Over 60 Occupied Suites with Tenants From Several Industries with a Concentration in Health Care Services and Logistics / Trucking

Exclusively Listed By

Financing By

Office

6161 Busch Boulevard

Listing Price: $3,300,000

Cap Rate
11.32%
Gross SF
82,428
Rentable SF
82,428
Price/Gross SF
$40.03
Lot Size
4.08 acres
Year Built
1968

Investment Highlights

  • 82,408-Square-Foot Office Building with 84 Executive Suites Across Three Floors and Lower Level
  • 63.95 Percent Occupancy With Excellent Operating Cash Flow - Stable Tenant Demand, Utilization and New Leases
  • Large Parking Lot with 313 Spaces on an Oversize Four Acre Lot with Flexible Zoning - Regional Scale Commercial C-4
  • Located in an Opportunity Zone - Columbus Northwest - Census Tract 39049009900 - Part of Worthington and North Columbus Submarkets
  • Significant Upside Opportunity from Leasing to Market - Property is 36 Percent Vacant in a Submarket with 17.5 Percent Availability Rate
  • Concrete Block Building Priced Below Replacement Cost - Attractive For Various Investment, Repositioning and Redevelopment Strategies
  • Multiple Upgrades In Recent Years - New Elevator (September 2021), Boiler (2016), LED Light Fixtures (2020), Additional Private Bathrooms
  • Over 60 Occupied Suites with Tenants From Several Industries with a Concentration in Health Care Services and Logistics / Trucking

Investment Overview

6161 Busch Boulevard is an 82,428-square-foot office building featuring executive suite floorplans in the Worthington sub-market. The property has excellent cash flow and growth potential by leasing to market occupancy. There are over 60 occupied suites and 84 total suites in the three floors and lower level. In total there are over 309 rooms. The property is in an opportunity zone and there is ample tenant parking on the four acre parcel. The property has mostly short-term leases and is priced well below replacement cost.

Exclusively Listed By

Financing By

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