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5057 Freeway Dr E
253,702 SF 70% Leased Industrial Building Columbus, OH 43229 $15,250,000 USD ($60 USD/SF) 5.44% Cap Rate
Investment Highlights
- Site is located in a strategic location.
- Located in preferred Columbus industrial market.
- Recent capital improvements done to the property.
- Value add opportunity.
Executive Summary
Property Facts
| Price | $15,250,000 USD | Rentable Building Area | 253,702 SF |
| Price Per SF | $60 USD | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1969/2005 |
| Cap Rate | 5.44% | Parking Ratio | 0.65/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 24 FT |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 23 |
| Building Class | B | No. Drive In / Grade-Level Doors | 8 |
| Lot Size | 14.93 AC |
| Price | $15,250,000 USD |
| Price Per SF | $60 USD |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 14.93 AC |
| Rentable Building Area | 253,702 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2005 |
| Parking Ratio | 0.65/1,000 SF |
| Clear Ceiling Height | 24 FT |
| No. Dock-High Doors/Loading | 23 |
| No. Drive In / Grade-Level Doors | 8 |
Utilities
- Lighting - Fluorescent
- Gas - Natural
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Record low submarket industrial vacancy rate, escalating rents, and nearby residential developments make this property an extremely rare opportunity. Roof was replaced in 2017 and parking Lot was replaced in 2020. Property has reinforced-Concrete Slab-on-Grade, Pre-Cast Concrete Tilt-Up Walls, Wet-Pipe Sprinkler System, and a 24" clear height.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 5057 | 76,320 SF | Industrial | Full Build-Out | Now |
1st Fl - 5057
| Size |
| 76,320 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 5057
| Size | 76,320 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Record low submarket industrial vacancy rate, escalating rents, and nearby residential developments make this property an extremely rare opportunity. Roof was replaced in 2017 and parking Lot was replaced in 2020. Property has reinforced-Concrete Slab-on-Grade, Pre-Cast Concrete Tilt-Up Walls, Wet-Pipe Sprinkler System, and a 24" clear height.
PROPERTY TAXES
| Parcel Number | 010-150472 | Improvements Assessment | $2,057,270 USD |
| Land Assessment | $452,310 USD | Total Assessment | $2,509,580 USD |
PROPERTY TAXES
zoning
| Zoning Code | M1 (Manufacturing) |
| M1 (Manufacturing) |
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5057 Freeway Dr E
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