6161 Busch Blvd - Office FOR SALE
Columbus, OH 43229 |
6161 Busch Blvd
Columbus, OH 43229
HIGHLIGHTS
- 82,408-square-foot office building with 84 executive suites across three floors and a lower level.
- 63% occupancy with excellent operating cash flow, stable tenant demand, utilization, and new leases, mostly short-term leases.
- Large parking lot with 313 spaces on an oversized four-acre lot with flexible zoning - Regional Scale Commercial C-4.
- Located in an opportunity zone, Columbus Northwest - Census Tract 39049009900, which is part of the Worthington and North Columbus Submarkets.
- Significant upside opportunity from leasing to market as the property is 40% vacant in a submarket with a historical 17.5% availability rate.
- Multiple upgrades were completed recently: new elevator (September 2021), boiler (2016), LED light fixtures (2020), and additional private bathrooms.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
82428
STORIES
4
BUILDING CLASS
C
YEAR BUILT
1968
SPRINKLERS
-
PARKING SPACES
313
LAND DETAILS
LAND ACRES
4.08 AC AC
LAND SF
177,725 SF
ZONING
-
APN/PARCEL ID
010-003296
