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350 E 1st Ave
Columbus, OH 43201
Berry Boltworks · Office Property For Sale
Investment Highlights
- Historic Adaptive Reuse Asset
- Creative Office Product
- On-Site Parking
- Prime Italian Village Location
- Owner-User or Investment Opportunity
Executive Summary
Allied Real Estate Advisors, on behalf of Ownership, is pleased to present the opportunity to acquire Berry Boltworks, an 80% occupied, 33,464 square foot historic creative office building located in the thriving Italian Village submarket of Columbus, Ohio. Originally constructed in 1910 and listed on the National Register of Historic Places, Berry Boltworks offers a rare combination of historic industrial character and modern office functionality. The building features exposed brick walls, original hardwood floors, heavy timber beams, large historic windows and on-site parking at a ratio of 3/1,000 SF. The property presents a compelling opportunity for both owner-users seeking a distinctive urban headquarters and investors seeking immediate cash flow with upside through lease-up and rental rate growth. With 80% occupancy and in-place NOI of $366,737, the asset provides stabilized income with additional value creation potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
34,001 SF
Building Class
B
Year Built/Renovated
1910/2006
NOI
$366,737
Percent Leased
80%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,330 SF
Building FAR
0.59
Lot Size
1.32 AC
Zoning
DD, Columbus
Parking
78 Spaces (2.48 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
Property Taxes
| Parcel Number | 010-003141 | Improvements Assessment | $737,100 |
| Land Assessment | $240,100 | Total Assessment | $977,200 |
Property Taxes
Parcel Number
010-003141
Land Assessment
$240,100
Improvements Assessment
$737,100
Total Assessment
$977,200
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