Cleveland Avenue Professional Center | 5957-6011 Cleveland Ave
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Cleveland Avenue Professional Center 5957-6011 Cleveland Ave
17,911 SF 100% Leased Office Building Columbus, OH 43231 $2,698,125 ($151/SF) 8% Cap Rate
Investment Highlights
- Multi-Tenant Medical and Office Buildings Located In Columbus Ohio
- Long Term Leases | Provides for Consistent and Strong Cash Flow
- Abundant Parking | Multiple Egress Points Directly off of Cleveland Avenue and Laurelwood Drive
- Opportunity to Own Commercial Real Estate in America's Fastest Growing City (Forbes Article 4/14/24)
- All Units Have Exterior Entrances Directly Off Parking Lot
- Easy Access to I-270 and 161 with Numerous Amenities Nearby
Executive Summary
Multi-Tenant Medical and Office Buildings Located In Columbus Ohio
Opportunity to Own Commercial Real Estate in America's Fastest Growing City (Forbes Article 4/14/24)
Long Term Leases | Provides for Consistent and Strong Cash Flow
All Units Have Exterior Entrances Directly Off Parking Lot
Abundant Parking | Multiple Egress Points Directly off of Cleveland Avenue and Laurelwood Drive
Easy Access to I-270 and 161 with Numerous Amenities Nearby
Over 299,000 People and Average Household Income $100,000 Annually within a 5 Mile Radius
Less than a Few Miles from Easton Shopping Center and Polaris Shopping Mall
Opportunity to Own Commercial Real Estate in America's Fastest Growing City (Forbes Article 4/14/24)
Long Term Leases | Provides for Consistent and Strong Cash Flow
All Units Have Exterior Entrances Directly Off Parking Lot
Abundant Parking | Multiple Egress Points Directly off of Cleveland Avenue and Laurelwood Drive
Easy Access to I-270 and 161 with Numerous Amenities Nearby
Over 299,000 People and Average Household Income $100,000 Annually within a 5 Mile Radius
Less than a Few Miles from Easton Shopping Center and Polaris Shopping Mall
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
17,911 SF
Building Class
C
Year Built
1994
Price
$2,698,125
Price Per SF
$151
Cap Rate
8%
NOI
$215,850
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,911 SF
Building FAR
0.17
Land Acres
2.42 AC
Zoning
C2 - General Commercial District
Parking
122 Spaces (7.59 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $185,510 | |
| Land Assessment | $122,510 | Total Assessment | $308,020 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$122,510
Improvements Assessment
$185,510
Total Assessment
$308,020
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Power Broker Deno Bistolarides -
Kaleb Rupp -
Hunter Rupp -
Encore Real Estate Investment Services
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Cleveland Avenue Professional Center | 5957-6011 Cleveland Ave
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