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- LoopNet Team
1551 Gemini Pl
Columbus, OH 43240
Property For Lease
Highlights
- Immediate access to I-71 and I-270
- Free-standing building offering 69,662 SF
- Ground lease or purchase option available
Property Facts
| Property Type | Retail | Year Built | 2018 |
| Property Subtype | Freestanding | Parking Ratio | 2.5/1,000 SF |
| Gross Leasable Area | 69,662 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 69,662 SF |
| Year Built | 2018 |
| Parking Ratio | 2.5/1,000 SF |
About the Property
Elford Realty, LLC is pleased to present the opportunity to lease or purchase this former Art Van Furniture building, ideally situated just west of Interstate 71 in the thriving Polaris market of north Columbus, Ohio. Constructed in 2018, the building is conveniently located in Polaris Fashion Place and Polaris Centers of Commerce, near the Chase Bank corporate office campus. It boasts strong demographics, high traffic, and a significant daytime population, making it a prime location. This is a rare opportunity to acquire the leasehold interest in this free-standing 69,662 SF building with the current annual ground rent of $4.90/SF ($85,000/acre or $345,695/year). There is an option to purchase the ground for $950,000/acre ($3,863,650 – 4.067 acres). The building is also available for lease at $18.95/SF NNN (which includes the ground rent) with the CAM, Tax, and Insurance at approximately $6.06/SF.
