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Alliance Data Systems
220 W. Schrock Rd., Westerville, OH 43081
100,800 SF | Office
Office Property - Off Market
- Building Size:
- 100,800 SF
- Property Type:
- Property Sub-type:
- Office Building
- Property Use Type:
- Cap Rate:
- No. Stories:
- Year Built:
- Lot Size:
- 9.87 AC
- Parking Ratio:
- 7.30 / 1,000 SF
- Listing ID
- Last Updated
- over 1 year ago
- ADS has been in occupancy at the property since it was built and has recently exercised their second five year renewal option.
- 100% leased to credit tenant which is traded on the NYSE under the stock symbol ADS.
- Property was just renovated at a cost in excess of $2.2 million which included a new roof, technology center, carpeting, painting and updates to HVAC.
- Property will always mantain a competitive advatage over competing properties having a 7.3/1000 sf parking ratio.
- Property is located in the highly desirable office sub-market of Westerville.
- Property is being offered without existing financing enabling investors to get debt with today's attractive interest rates.
The Alliance Data Systems Building is a 100,800 square foot single tenant office property leased to ADS Alliance Data Systems, Inc. ("ADS") located at 220 W. Schrock Road in Columbus (Westerville), Ohio. ADS has been in occupancy since the the property's original contruction in 1991 and has just exercised their second five year option extending their lease until 2011. The ownership has just spent over $2.2 million in property renovations including a new roof, painting, carpeting, parking lot (resurfacing), a new technology center and updated the HVAC system. The property enjoys a 7.3/1,000 sf parking ratio which insures that this property will always have a competitive advantage over other properties within it's competitive set. ADS is publicly traded on the New York Stock Exchange under the symbol "ADS" and is the second largest outsourcer of private label card programs in the United States. Alliance Data is the result of the 1996 merger of JC Penney's transaction services business (BSI Business Services) and The Limited's credit card bank operation which were acquired by the venture capital firm Welsh, Carson, Anderson and Stowe.
The Alliance Data System Building is located at 220 W. Schrock Road in Columbus (Westerville), Ohio. The property is located between State Route 3 and Cleveland Avenue just north of I-270 which serves at the Columbus outerbelt. The property has enjoyed 100% occupancy since it's construction in 1991 and is in the heart of the desirable Westerville office sub-market.
Map of 220 W. Schrock Rd., Westerville, OH 43081 (Franklin County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO