8405 Pulsar Pl Columbus, OH 43240-4043

Property Details for 8405 Pulsar Pl

Year built

1996

Lot size

3.79 lot acres

Property size

50,514 SF

Property type

Office buildings

APN

318-443-02-009-001

APU

31844302009001

Description

Exceptional investment opportunity: The Polaris Office Building at 8405 Pulsar Pl, Columbus, OH, presents a unique chance to acquire a 50,050 square foot Class B creative office building. This two-story building, constructed in 1997, sits on a 3.79-acre lot in the desirable Polaris area, boasting high visibility and accessibility. The property features 40,000 square feet of net rentable space, currently at 40% occupancy. The asking price is $4,900,000, translating to $97.90 per square foot. Ample parking is provided with 237 spaces (4.7 spaces per 1,000 sq ft). The building benefits from recent upgrades including renovated elevators, keycard access, and exterior cameras. A covered outdoor patio adds to its appeal. The location is strategically positioned 1,200 feet from the I-71 and Polaris Parkway Interchange, experiencing a daily traffic count of 47,693 vehicles. Surrounding amenities include Polaris Fashion Place mall, hotels, and restaurants. The property is zoned LC4 and has a strong tenant leasing the west half of the first floor for three more years with three five-year options. The seller is open to owner financing and a leaseback of the west half of the second floor for up to two years. This property is ideal for a variety of uses, including an event center or charter school. The seller will consider real estate as a down payment and, with lender permission, a wrap-around mortgage.

Location Insight

City

Columbus

County

Delaware

State

Ohio

Longitude

-82.9661

Latitude

40.14

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments