550 Polaris PkwyWesterville, OH 43082

For Sale
Call for price

Class A Office Park, 274,310 SF, 97.31% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents the Westar Office Portfolio, a stabilized Class A office park totaling 274,310 square feet. Located in Westerville, Ohio, at 550 Polaris Pkwy, this two-building, four-story complex boasts 25 units and 500 parking spaces on a 10.86-acre lot. Built in 2002, the property features high-end finishes and is currently 97.31% occupied with a diverse mix of professional, medical, and national tenants under NNN leases. The portfolio benefits from a weighted average lease term exceeding 4.55 years, ensuring consistent cash flow. Its strategic location in Westerville, centrally positioned between Dublin and Worthington and a short drive from downtown Columbus, provides excellent access to major highways and a vibrant surrounding area with ample amenities. The property's FR-1 zoning allows for flexibility and future growth. This meticulously maintained property represents a rare opportunity to acquire a high-quality, income-producing asset with a strong tenant base and significant long-term potential. The property's APN is 318-441-01-003-004, 318-441-01-003-005.

Highlights

  • Class A+ Office Park with exceptional amenities.
  • Strong Weighted Average Lease Term (WALT) exceeding 4.55 years.
  • Triple-Net (NNN) leased building providing predictable cash flow.
  • Impeccably maintained property with a history of high-quality upkeep.
  • Diverse tenant base minimizing vacancy risk.

Property Details for 550 Polaris Pkwy

Property type
Other office properties, Office properties
Square Feet
274,310 SF
Class
A
Year Built
2002
Buildings
2
Stories
4
Lot Size (sq. ft)
473,062 SF
Units
25

Location Insight

City
Westerville
County
Delaware
State
Ohio
Latitude
40.1479643
Longitude
-82.9479939
550 Polaris Pkwy, Westerville, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
550 Polaris Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message