POLARIS OFFICE PROPERTY SELLS TO LOCAL COLUMBUS, OH INVESTOR, PRESIDENT OF ALTERRA REAL ESTATE
Brad Kitchen, President of Alterra Real Estate Advisors, has purchased the 3 story, 52,005 SF office property at 8740 Orion Place in the Polaris area, near Ikea and Top Golf. Kitchen closed on the property on December 6, 2019 for $4,950,000 ($95 PSF). Kitchen plans to...
U.S. Economy Remains In Lead Among Major Economies
Notwithstanding moderating GDP growth in the third quarter, the U.S. remains the lead dog among the G7, according to the latest report from the Economist Group. For the U.S. and Canada alike, the Economist predicts quarter-to-quarter GDP growth of 0.4% for Q3, the...
Property Focus: 5150 E Dublin Granville Rd,Westerville, OH – 1st FLOOR Available (can be subdivided)
5150 E DUBLIN GRANVILLE ROAD, WESTERVILLE, OH 43081 For Lease - Office Space Available Space: 25,362 SF on 1st floor - this is full wing of floor (will subdivide) 4,000 SF on 2nd floor Total 29,362 SF available Lease Rate: $12.95 Net Located at corner of N Hamilton Rd...
Cap Rates Hold Steady Across Major Property Sectors
Cap Rates Hold Steady Across Major Property Sectors Cap rates for U.S. commercial properties were broadly stable in the first half of 2019, according to CBRE’s latest North American Cap Rate Survey. The survey attributed the stability to a combination of moderate...
Alterra Real Estate Newsletter – August 2019
Click here to view August 2019 newsletter
Commercial Real Estate News – Medical Office Space, Tax Law, Health Facilities
Aging U.S. Population Will Drive Demand for Medical Office Space Commercial real estate investors, take note. A CoStar analysis found that more than 200 million SF of medical office space—an increase of 16 percent—may be needed within 10 years as the...
Price Reduced – 100% Occupied Investment – Retail with Apartments in Opportunity Zone
3963 Cleveland Avenue, Columbus OH 43224 Investment for Sale $749,000 Cap Rate 9.87% 8,208 SF on 0.319 acres 4,000 RSF commercial 1st Floor 3 Tenants 4,000 RSF residential 2nd Floor 4 Tenants Located at hard corner with traffic light AADT of 21,615+ on Cleveland Ave...
Property Focus: 19 unit Columbus, OH residential portfolio for sale
19 UNIT RESIDENTIAL PORTFOLIO Investment for Sale $1,800,000 19 units on 17 parcels Total Bedrooms 53 Total Square Feet 19,932 SF Average Unit SF 1,050 SF Primarily Single Family Homes for easy rent up or divestment if desired Excellent Unit Mix: 69% Three Bedroom...