2536-2540 Creekway Dr

25,360 SF Industrial Building Columbus, OH 43207 $2,550,000 ($101/SF) 7.14% Cap Rate

INVESTMENT HIGHLIGHTS

  • New single tenant NNN lease with 2.5% annual increases | Lease expires May 31, 2029
  • Service Partners is a division of Specialty Distribution Group, LLC, part of TopBuild, Inc. (NYSE: BLD), which has a market capitalization exceeding $
  • Tenant has a Termination Option and can vacate beginning March 1, 2027
  • 25,360 square foot small-bay industrial property on 1.48 acres | Property has 2 bays and tenant occupies both bays
  • The building was built in 1988 and features 18' clear heights, ample loading and block construction
  • Rent is in-line with the market at $7.00 per square foot NNN | Tenant moved in Summer 2024

EXECUTIVE SUMMARY

New single tenant NNN lease with Service Partners, a subsidiary of TopBuild (NYSE: BLD)

PROPERTY FACTS

Price $2,550,000
Price Per SF $101
Sale Type Investment NNN
Cap Rate 7.14%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.48 AC
Rentable Building Area 25,360 SF
No. Stories 1
Year Built 1988
Tenancy Single
Parking Ratio 0.71/1,000 SF
Clear Ceiling Height 18’
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 3
Opportunity Zone Yes

PROPERTY TAXES

ZONING

Zoning Code M-1 (Manufacturing)
  • Listing ID: 34629829

  • Date on Market: 1/28/2025

  • Last Updated:

  • Address: 2536-2540 Creekway Dr, Columbus, OH 43207