Southeast - Columbus, OH Industrial For Sale
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Address
Asking Price
1300 Alum Creek
1300 Alum Creek Dr
Southeast, Columbus, OH
Lot Size:8.80Acres
Located near the Alum Creek Dr / I-70 ramp. Site provides convenient access to major freeways. Just minutes to downtown Columbus. 113,428 SF Warehouse situated near the I-70 / Alum Creek ramp. Includes 6 Dock doors, 1 drive-in door (10' x 12'), 3 Phase power, and ample parking.
$6,950,000
1160 Alum Creek Drive
1160 Alum Creek Dr
Southeast, Columbus, OH
Lot Size:5.16Acres
$1,350,000
1611 Integrity Drive E
1611 Integrity Dr E
Southeast, Columbus, OH
Building Size:22,920SF
$520,000
1280 Alum Creek Drive
1280 Alum Creek Dr
Southeast, Columbus, OH
Lot Size:8.70Acres
$3,500,000
Integrity Park
1688 Integrity Dr E
Southeast, Columbus, OH
Building Size:6,000SF
1688 Integrity Drive East is part of the Integrity Industrial Park, located just off the I – 70 and Alum Creek Drive interchange. This park is centrally located near the downtown of Columbus, with access to the 1 -70 ramp only .5 miles away. This area has many vintage and renovated industrial parks with infrastructure that is exceptional for logistics traffic. The Columbus MSA population is growing rapidly with an estimated 2.0 million projected in the 2020 census. This is a single tenant net leased investment with United Rentals Inc (URI) as the tenant. United Rentals is s $7 billion company with a bond rating of BBB.As of this offering memorandum drafting, the lease term is subject to a three year renewal to commencing in December 1, 2020 at a lease rate of $9.77 per SF triple net. This rate is below market presently. The new lease will have two (2) additional renewal terms of three (3) years each, with a base rent bump of 5% with each renewal. This is customary with United Rental's leasing protocols. The owner of this property is offering a capitalization rate of 7.3%, of $800,000.00.
$800,000
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Market Stats
Southeast has 8 commercial real estate spaces for lease, representing 248,898 sqft space. 5 buildings are available for sale.
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