423 E Town Street

$1,700,000.00
Sold 2024
11739 Property ID
9,867 SqFt Size

Description

423 E Town St.
Columbus, OH 43215

Fully Leased office investment property. 15 Year Lease Agreement. 9,867 SF

Sale Price: $1,700,000
Current Occupancy: 100%
Cap Rate: 9.99%

Investment Highlights:

  • Fully leased two story office property on the edge of Downtown Columbus and the thriving Old Town East neighborhood.
  • 15-year lease agreement in place.
  • Corporate Guaranty provided by 614Gig.
  • Long-term Tenant in place 10+ years.

Property Description:

  • Property visible to 5,435+ vehicles per day on E Town Street.
  • 12 surface parking spaces
  • Elevator and stair access
  • 12′ Ceiling Height
  • Signage
  • New Roof replacement in 2022 with 25-year warranty

Area Description:

  • Located within 8 miles of the John Glenn International Airport via I-71 and I-670 interchanges.

Address

  • Address 423 E Town Street, Columbus, OH 43215
  • Country United States
  • Province/State
  • City/Town
  • Postal code/ZIP 43215
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Overview

File Attachments

423-E-Town-Street-OM-woutIA-5.23.2024.pdf
423-E-Town-Street-OM-woutIA-5.23.2024.pdf
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Contact

Joshua Waller

Property Agent

3 Easton Oval, Suite 120, Columbus, OH 43219
614-545-4096
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