Government-Leased Office
For Sale
Contact for pricing
Pending
4485 Northland Ridge Blvd, Columbus, OH 43224
C-4-zoned headquarters facility with a direct State of Ohio lease commencing January 1, 2025.
Property Size320,000 SF
Days on Market670
Property Features for 4485 Northland Ridge Blvd
General Information
Standard status
Pending
Size
320,000 SF
Total Parking Spaces
1000
Property subtype
Office
Zoning
C-4
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Building Details
Stories
3
Tenancy
Single
Listing Agency:
Newmark | Chicago - 500 West Monroe St.
Listed By:
Andy Gallas · License #IL 475156024
Source:
Crexi
Added: Oct 30, 2024
Changed: Aug 30
Last Checked: Aug 30 at 9:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Chicago - 500 West Monroe St.
Investment Insights
Based on property information with market context.
The 320,000-square-foot office facility at 4485 Northland Ridge Blvd. in Columbus serves as the headquarters of the State of Ohio Department of Taxation. Its functions include state income-tax processing, records storage, check processing, auditing, executive offices, and a data center. The property was completely redeveloped in 2004 after originally being constructed as a Lazarus department store anchoring Northland Mall.
Ownership has executed a direct lease with the State of Ohio beginning January 1, 2025, with the term expected to extend through June 2037. The lease structure includes an initial 6-month term and six rolling 2-year options, with 3% rental increases during each option period.
Planned capital work includes professional interior and exterior cleaning, parking-lot repairs, sealcoating and restriping, concrete repairs, exterior light and bollard repairs or replacement, main-roof repairs, and replacement of the 1st-story roof. The property is zoned C-4.
Ownership has executed a direct lease with the State of Ohio beginning January 1, 2025, with the term expected to extend through June 2037. The lease structure includes an initial 6-month term and six rolling 2-year options, with 3% rental increases during each option period.
Planned capital work includes professional interior and exterior cleaning, parking-lot repairs, sealcoating and restriping, concrete repairs, exterior light and bollard repairs or replacement, main-roof repairs, and replacement of the 1st-story roof. The property is zoned C-4.
Key Highlights
- 320,000‑square‑foot office facility at 4485 Northland Ridge Blvd., Columbus, Ohio 43224
- Headquarters of the State of Ohio Department of Taxation
- Direct State of Ohio lease begins January 1, 2025 and is expected to run through June 2037
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 43224, OH
43,544
Population
19,238
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
79%
High-School Grad
8.3 sq mi
ZIP Area
5,246
Density / Sq Mi
$50,934
Median Household Income
$34,966
Median Earnings
$1,025
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C-4-zoned headquarters facility with a direct State of Ohio lease commencing January 1, 2025.
Where is this office building located?
The property is located at 4485 Northland Ridge Blvd Columbus, OH.
What are key features of this property?
This property features: 320,000‑square‑foot office facility at 4485 Northland Ridge Blvd., Columbus, Ohio 43224; Headquarters of the State of Ohio Department of Taxation; Direct State of Ohio lease begins January 1, 2025 and is expected to run through June 2037
