614-282-7659
1145 Chesapeake Ave, Columbus, OH for Sale
Warehouse - FOR SALE
1/3
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1145 Chesapeake Ave
Columbus, OH 43212
Tri-Village


HIGHLIGHTS

  • Multi-tenant flex building in the desirable Grandview submarket
  • Weighted average lease term (WALT) of 2.99 Years
  • Mark-to-market story on upcoming renewals
  • . Large upside in NOI through vacancy lease up
  • Attractive location with redevelopment potential (Covered land play)
  • Three (3) vacancies totaling 7,675 SF (17.2%)

OVERVIEW

As the exclusive advisor for Ownership, JLL is pleased to present this opportunity to acquire the Multi-Tenanted flex project in Clinton Township. The facility is strategically located in the Grandview sub-market, immediately adjacent to the Columbus Business District (CBD) and the Ohio State University. This project offers a wide range opportunity, with a break-up in the rent roll, a mix of retail and light industrial spaces, vacancy available for immediate upside upon lease up and proposed/potential multi-family redevelopment. New ownership will have the opportunity to enjoy the current occupancy of ten (10) tenants with a weighted average lease term of 2.99 years. The value-add component of leasing the remaining vacancy and a mark to market story on upcoming renewals. Sitting within a dense multi-family sub-market and proximity to Ohio State University, this asset presents a wide range of opportunity for the next buyers.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

UTILITIES

Heating

CLEAR CEILING HT

18 Ft

DOCKS

1

DRIVE INS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

3

LAND SF

130,680

ZONING

LI

APN/PARCEL ID

010-061928-00,130-000010-00

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614-282-7659

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614-282-7659

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