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
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File Attachments

423-E-Town-Street-OM-woutIA-4.24.2024-1.pdf Download

Contact

Joshua Waller

Property Agent
3 Easton Oval, Suite 120, Columbus, OH 43219
614-545-4096
jwaller@AlterraRE.com
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