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3999 Parkway Ln
Hilliard, OH 43026
Industrial Property For Sale
Investment Highlights
- STRONG RENTAL UPSIDE – Existing rents 24% below market, translating to 31% in upside. This provides an opportunity to boost NOI and convert leases
- FUNCTIONAL CONSTRUCTION – The warehouse boasts 16’ clear, 3 phase power, and favorable office to warehouse ratio: ±25%.
- LOW VACANCY RATE – There is a 3.3% vacancy rate across all industrial product (6.3M square feet) in the Hilliard market.
- SMALL, SHALLOW BAY SUITES – The property consists of fourteen ±1,250 SF suites- minimizing vacancy risk
- WEIGHTED AVERAGE LEASE TERM – Short weighted average lease term allows investors to quickly tap into rental upside
Property Facts
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1977 |
| Building Class | B | Parking Ratio | 1.04/1,000 SF |
| Lot Size | 1.30 AC | Clear Ceiling Height | 16’6” |
| Rentable Building Area | 19,260 SF | No. Drive In / Grade-Level Doors | 12 |
| Zoning | B4 - Business (B-4), I-270 Corridor District in Hilliard | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.30 AC |
| Rentable Building Area | 19,260 SF |
| No. Stories | 1 |
| Year Built | 1977 |
| Parking Ratio | 1.04/1,000 SF |
| Clear Ceiling Height | 16’6” |
| No. Drive In / Grade-Level Doors | 12 |
| Zoning | B4 - Business (B-4), I-270 Corridor District in Hilliard |
Property Taxes
| Parcel Number | 050-002976 | Improvements Assessment | $299,010 |
| Land Assessment | $72,450 | Total Assessment | $371,460 |
Property Taxes
Parcel Number
050-002976
Land Assessment
$72,450
Improvements Assessment
$299,010
Total Assessment
$371,460
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