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306 E 5th Ave 20,772 SF Flex Building Columbus, OH 43201 $3,400,000 ($163.68/SF) 1.80% Cap Rate

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INVESTMENT HIGHLIGHTS

5 parcels totaling 0.79 acres

Redevelopment Project

EXECUTIVE SUMMARY

The property contains 5 parcels totaling 0.79 acres located on the northeast corner of E. Fifth Ave and N. 6th Street in Weinland Park neighborhood of Columbus, Ohio. The property is presently improved with a total of 20,772 sq. ft., 1-story brick and concrete block office/showroom/warehouse with 5,175 sq. ft. (25%) finished area. The warehouse areas have 12’-16’ ceiling heights and 5 overhead drive-in doors throughout. The property is occupied by National Seating and Mobility with a base rent of $5,293.75 monthly ($3.06 per sq. ft.) on a NNN Lease plus an annual allowance of $5,000. in repairs. Lease expiration, November 15, 2027 with a 10 year renewal option of 110% increase. Tennant has been notified that owner does not intend to renew.

306 E. Fifth Ave data

PROPERTY FACTS

Price	$3,400,000	Rentable Building Area	20,772 SF
Price Per SF	$163.68	No. Stories	1
Sale Type	Investment	Year Built	1980
Cap Rate	1.80%	Tenancy	Single
Sale Condition	Redevelopment Project	Clear Ceiling Height	16’
Property Type	Flex Showroom Industrial Warehouse Industrial Service	No. Dock-High Doors/Loading	1
Building Class	B	No. Drive In / Grade-Level Doors	3
Lot Size	0.79 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-4 - Commercial

Price	$3,400,000
Price Per SF	$163.68
Sale Type	Investment
Cap Rate	1.80%
Sale Condition	Redevelopment Project
Property Type	Flex Showroom Industrial Warehouse Industrial Service
Building Class	B
Lot Size	0.79 AC
Rentable Building Area	20,772 SF
No. Stories	1
Year Built	1980
Tenancy	Single
Clear Ceiling Height	16’
No. Dock-High Doors/Loading	1
No. Drive In / Grade-Level Doors	3
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-4 - Commercial

Lighting - Fluorescent
Gas - Natural
Water - City
Sewer - City
Heating - Gas

National Seating & Mobility
Professional, Scientific, and Technical Services
-
$9.99
Lorem Ipsum
Jan 0000

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE		LEASE END
National Seating & Mobility	Professional, Scientific, and Technical Services	-	$9.99	Lorem Ipsum		Jan 0000