Newly Constructed | Franklinton Neighborhood | 455 W Broad St
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Newly Constructed | Franklinton Neighborhood 455 W Broad St
195,530 SF 16% Leased Office Building Online Auction Sale Columbus, OH 43215
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Investment Highlights
- Prestigious, 195,530-SF Class A office building situated on a prominently visible corner lot in the heart of Franklinton, a neighborhood in Columbus.
- Rare opportunity to acquire a brand-new asset with valuable upside by taking advantage of the positive leasing momentum in the surrounding community.
- Preferably sited 8.3 miles from the John Glenn Columbus International Airport (CMH), the second-busiest airport in Ohio excellent for business travel.
- Beneficially located within the Gravity mixed-use development with direct access to St/US Hwy 40 and 2.3 miles from the I-670 and I-71 interchange.
- Primely positioned in one of the fastest-growing submarkets in Columbus with sought-after proximity to the city’s top amenities and housing options.
Executive Summary
Allied Real Estate Advisors (“Allied”), as exclusive advisor, is pleased to present the opportunity for a value-focused investor to purchase one of the most high-profile office buildings in Columbus, Ohio, Building C at Gravity II. The property, located at 455 W Broad Street, is a newly constructed, six-story Class A office building consisting of 195,530 square feet. The building features 24-hour and secured access, flexible floor plates with open plans, and anchor tenant signage availability.
Located just outside the core of Downtown Columbus, the Gravity Development is recognized as the world’s largest conscious community, designed with intentionality, creativity, and purpose. In December 2023, Columbus Underground named Gravity the Top Columbus Urban Development project. The development collectively includes 929 multifamily units, 250,000 square feet of office space, 50,000 square feet of retail space, and 1,438 parking spaces.
Prominently located in the heart of Franklinton, one of the fastest-growing submarkets in Columbus, Ohio’s Central Business District, the property’s location is ideal in terms of proximity to walkable amenities, including some of the city’s top lounges, restaurants, and housing options. 455 W Broad Street is also ideally located about 8 miles from the John Glenn Columbus International Airport (CMH), the second-busiest airport in Ohio and a premier destination for business travel. Companies are choosing to locate in Franklinton because the neighborhood offers a strategic advantage by providing a dynamic, and innovative environment that supports growth, collaboration, and success in a rapidly evolving urban landscape.
Building C at Gravity II offers investors an opportunity to acquire one of the most high-profile office buildings in Central Ohio with substantial remaining upside. Gravity II provides the most in-demand office space in today’s market, which is new construction, easy access to parking, a central location, and abundant amenities within walking distance. The next owner will be positioned to take advantage of the positive leasing momentum that has been recently completed at the building and in the immediate surrounding area.
Property tours are available by appointment only. Please contact the broker to schedule.
Located just outside the core of Downtown Columbus, the Gravity Development is recognized as the world’s largest conscious community, designed with intentionality, creativity, and purpose. In December 2023, Columbus Underground named Gravity the Top Columbus Urban Development project. The development collectively includes 929 multifamily units, 250,000 square feet of office space, 50,000 square feet of retail space, and 1,438 parking spaces.
Prominently located in the heart of Franklinton, one of the fastest-growing submarkets in Columbus, Ohio’s Central Business District, the property’s location is ideal in terms of proximity to walkable amenities, including some of the city’s top lounges, restaurants, and housing options. 455 W Broad Street is also ideally located about 8 miles from the John Glenn Columbus International Airport (CMH), the second-busiest airport in Ohio and a premier destination for business travel. Companies are choosing to locate in Franklinton because the neighborhood offers a strategic advantage by providing a dynamic, and innovative environment that supports growth, collaboration, and success in a rapidly evolving urban landscape.
Building C at Gravity II offers investors an opportunity to acquire one of the most high-profile office buildings in Central Ohio with substantial remaining upside. Gravity II provides the most in-demand office space in today’s market, which is new construction, easy access to parking, a central location, and abundant amenities within walking distance. The next owner will be positioned to take advantage of the positive leasing momentum that has been recently completed at the building and in the immediate surrounding area.
Property tours are available by appointment only. Please contact the broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financial Statements
- Title and Insurance
- Purchase Agreement
- Investigation
- Third Party Reports
Market Analytics Click Here to Access
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Market Sale Price per SF
Columbus - OH USA
Market Cap Rate
Columbus - OH USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Building Size
195,530 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Percent Leased
16%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
32,588 SF
Building FAR
4.32
Land Acres
1.04 AC
Opportunity Zone
Yes
Zoning
C
Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Security System
- Accent Lighting
- Central Heating
- Natural Light
- Open-Plan
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 2nd Floor
- 5,000-33,150 SF
- Office
- Partial Build-Out
- Now
- 3rd Floor
- 5,000-33,149 SF
- Office
- Partial Build-Out
- Now
- 4th Floor
- 10,000-33,149 SF
- Office
- Partial Build-Out
- Now
- 5th Floor
- 10,000-30,997 SF
- Office
- Partial Build-Out
- Now
- 6th Floor
- 5,000-16,598 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 5,000-33,150 SF | Office | Partial Build-Out | Now |
| 3rd Floor | 5,000-33,149 SF | Office | Partial Build-Out | Now |
| 4th Floor | 10,000-33,149 SF | Office | Partial Build-Out | Now |
| 5th Floor | 10,000-30,997 SF | Office | Partial Build-Out | Now |
| 6th Floor | 5,000-16,598 SF | Office | Partial Build-Out | Now |
2nd Floor
| Size |
| 5,000-33,150 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 5,000-33,149 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Floor
| Size |
| 10,000-33,149 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
5th Floor
| Size |
| 10,000-30,997 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
6th Floor
| Size |
| 5,000-16,598 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Bike Score ®
Very Bikeable (80)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
12,113
156,584
358,624
2020 Population
10,986
144,167
339,676
2029 Population
12,351
159,255
362,947
2024-2029 Projected Population Growth
2.0%
1.7%
1.2%
Daytime Employees
79,246
246,469
317,360
Total Businesses
4,441
20,298
27,184
Average Household Income
$95,140
$76,637
$77,004
Median Household Income
$74,923
$55,056
$54,839
Total Consumer Spending
$186.5M
$1.9B
$4B
Median Age
35.7
32.2
33.0
2024 Households
6,915
73,632
153,201
Percent College Degree or Above
32%
24%
21%
Average Home Value
$455,866
$349,829
$310,483
zoning
| Zoning Code | C |
| C |
PROPERTY TAXES
| Parcel Number | 010-301921 | Improvements Assessment | $6,632,010 |
| Land Assessment | $125,860 | Total Assessment | $6,757,870 |
PROPERTY TAXES
Parcel Number
010-301921
Land Assessment
$125,860
Improvements Assessment
$6,632,010
Total Assessment
$6,757,870
Sale Advisors
Sale Advisors
Dan Dunsmoor, Managing Partner
(614) 352-3556
Contact
Dan is the Managing Partner and Co-Founder of Allied. He is responsible for overseeing the firm’s overall strategy, vision, culture, and execution. He combines an extensive background in commercial real estate leasing, capital markets and operations with a deep desire to serve his team and clients to the best of his ability.
Prior to founding Allied, Dan spent over 15 years at Colliers International in Columbus, OH where he served as an Executive Vice President and Principal and was an active leader of the firm’s capital markets platform. While there he served a wide range of companies, private investors, and institutions by implementing and executing leasing and sale strategies.
He is recognized as a market leader in the Columbus, OH commercial real estate industry and has been involved in over 1,000 transactions valued in excess of $1.5 billion.
Prior to founding Allied, Dan spent over 15 years at Colliers International in Columbus, OH where he served as an Executive Vice President and Principal and was an active leader of the firm’s capital markets platform. While there he served a wide range of companies, private investors, and institutions by implementing and executing leasing and sale strategies.
He is recognized as a market leader in the Columbus, OH commercial real estate industry and has been involved in over 1,000 transactions valued in excess of $1.5 billion.
Michelle Fude, CCIM, Senior Vice President
(614) 398-9292
Contact
Michelle is a Senior Vice President and Co-Founder of Allied. With a ten year tenure in commercial real estate, she specializes in Landlord Representation, creating custom positioning strategies for each client focused on achieving the highest value for their properties. Michelle's strategic vision and hands on approach has consistently delivered exceptional results and earned her a reputation as an up-and-coming leader in the industry. Her engagement in over 600 transactions is a testament to the trust and collaboration she has cultivated with her clients. She also plays a pivotal role in fostering the growth of junior brokers and the Allied team to ensure a dynamic and prosperous future for the company.
Jake Nolan, Senior Associate
(614) 380-1660
Contact
Jake specializes in leasing, investment sales and tenant representation. He delivers thorough market knowledge and insight to owners, investors, and tenants. Jake’s background in finance also allows him to offer creative and effective real estate solutions for his clients.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Sophy Cardenas
Contact
Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
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Dan Dunsmoor -
Michelle Fude, CCIM -
Jake Nolan -
Allied Real Estate Advisors
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Newly Constructed | Franklinton Neighborhood | 455 W Broad St
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