1503-1505 Alum Creek Dr Columbus, OH 43209
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11,712 SF Warehouse, 6.8% Cap Rate
Property size:
11,712 SFProperty Features for 1503-1505 Alum Creek Dr
General Information
- Property type
- Distribution properties
- Square Feet
- 11,712 SF
- Class
- C
- Lot Size
- 42,253 SF
Building Details
- Year Built
- 1967
- Buildings
- 1
- Stories
- 1
Listing Agency: NAI Ohio Equities, LLC Listing Agent: Dan Sheeran Jr
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This Columbus, Ohio industrial property offers a compelling investment opportunity. The 11,712 square foot building, situated on a 0.97-acre lot at 1503-1505 Alum Creek Dr (APN 010-237789-00), is currently 100% occupied. The property features a single-story, Class C building constructed in 1967 with permitted M zoning. It boasts two loading docks, a new truck dock and doors, and a new drive-in door, enhancing its functionality. The clear height ranges from 8 to 15 feet, and the building is equipped with three-phase 208/400 amp electrical service. The property is conveniently located with easy access to I-70 and other major transportation routes. The asking price is $1,485,000, representing a 6.80% cap rate. The property is currently under a NNN lease, with Unit 1503 (2,000 sq ft) leased until May 2025, and Unit 1505 (9,600 sq ft) available for an owner-user. This presents a unique opportunity for both investors and owner-occupiers seeking a well-located, improved industrial space in a thriving market. The property is a single-tenant building in Franklin County, Ohio, with a zip code of 43209.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Distribution centers
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.943863179141
- Latitude
- 39.940930715432
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FAQs
What type of property is this?
Distribution property - 11,712 SF Warehouse, 6.8% Cap Rate
Where is this distribution property located?
The property is located at 1503-1505 Alum Creek Dr Columbus, OH.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: $1,485,000 asking price for this 11,712 SF industrial building.; Class C, single-tenant, 100% occupied industrial property with a 6.80% cap rate.; Located at 1503-1505 Alum Creek Dr, Columbus, OH 43209, on a 0.97-acre lot (APN: 010-237789-00).
