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306 E 5th Ave 20,772 SF 100% Leased 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 no renewal. Tennant has been notified that owner does not intend to renew. Documentation available upon request.

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%	Clear Ceiling Height	16’
Sale Condition	Redevelopment Project	No. Dock-High Doors/Loading	1
Property Type	Flex Showroom Industrial Warehouse Industrial Service	No. Drive In / Grade-Level Doors	3
Building Class	B	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.
Lot Size	0.79 AC
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
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