423 E Town Street
$1,700,000.00
For Sale
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: Ohio
- City / Town: Columbus
- Postal code / ZIP: 43215
- Property ID 11739
- Price $1,700,000.00
- Property Type Office Space
- Property status For Sale
- Size 9,867 SqFt
- Label Investment Property
Contact
Joshua Waller
Property Agent
3 Easton Oval, Suite 120, Columbus, OH 43219
614-545-4096
jwaller@AlterraRE.com