1711 Woodland Ave Columbus, OH 43219
- Warehouses
- 74,458 SF
- 4.72 lot acres
Current Use by Public Records
- Burton Metal Finishing Inc.& Powder Coating / Powder Coating Service
Property Details for 1711 Woodland Ave
- Year built
- 1958
- Lot size
- 4.72 lot acres
- Property size
- 74,458 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This Columbus, Ohio industrial property offers a compelling sale-leaseback opportunity. The ±74,458 square foot warehouse, situated on a 4.72-acre lot in Franklin County (APN: 010-109322-00), consists of two buildings and boasts a desirable location with convenient access to major highways I-670, I-71, and I-270, as well as proximity to John Glenn International Airport. Built in 1958 and renovated in 2015, the property features a 20'-26' ceiling height, six dock-high doors, and seven drive-in doors, making it ideal for distribution and manufacturing operations. The property is zoned M and benefits from existing infrastructure including a 4' gas line and a 6' water line. The current tenant, occupying the space since 1987, has a 15-year NNN lease at $4.50/SF, generating a Pro-Forma NOI of $335,061 and a 7.50% cap rate. The asking price is $4,467,480. This sale-leaseback presents a strong investment opportunity with a long-term, established tenant and significant upside potential. The property's size, location, and features make it an attractive asset for investors seeking stable income and future growth.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9544
- Latitude
- 40.0028
