5300-5340 E Main St, Columbus

$7,500,000.00
For Sale

7506

Property ID

92,612 SqFt

Size

Description

5300-5340 E Main Street, Columbus, OH 43214
Office & Medical Suites & Individual Offices
92,612 Gross SF; 83,890 Rentable SF on 7.4 acres

Sale Price: $7,500,000
Current Occupancy: 65%
Cap Rate: 6.5% Current and 13% at 100% Occupancy

Value Add Opportunity By Increasing Below Market Rents, Lease Up and
Adding Expense Pass Through Tenants Leases and Increasing Suite Sizes to Measured Rentable Sizes

Investment Highlights:

  • 5 building complex with ample parking
  • Office and Medical Suites, along with individual office opportunities

Property Description:

  • Attractive, well maintained property – common areas updated 12/2018
  • 2018: New Roofs on all buildings except 5320. New parking lot. Exterior painted. LED lights
  • Franklin County parcel # 090-001580-00
  • 92,612 Gross SF building on 7.4 acres
  • Monument signage on E Main Street.
  • Common conference room for tenant use.
  • Keycard access to buildings

Area Description:

  • Surrounding area contains an abundance of shops, services and dining options.
  • Whitehall is located just east of Bexley, 6.6 miles east of the state capital of Columbus in Franklin County and 8 miles to the John Glenn International Airport
  • In recent years, Whitehall has experienced a significant amount of development and redevelopment within the community. Over 2,300+ jobs were created or committed between 2012-2019.
  • 1/2 mile to I-270 and I-70 freeway ramps

Address

Address: 5300 E Main St, Columbus OH
  • Country: United States
  • Province / State: Ohio
  • City / Town: Columbus
  • Postal code / ZIP: 43214
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File Attachments

5300-5340-E-Main-Street-Sales-Offering-withoutIA-7.20.2023-2.pdf Download

Contact

Brad L. Kitchen

Property Agent
3 Easton Oval, Suite 120, Columbus, OH 43219
(614) 545-2155
bkitchen@AlterraRE.com
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