1503-1505 Alum Creek DrColumbus, OH 43209

For Sale
$1,485,000

11,712 SF Warehouse, 6.8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
91
This Columbus, Ohio industrial property offers a compelling investment opportunity. The 11,712 square foot building, situated on a 0.97-acre lot at 1503-1505 Alum Creek Dr (APN 010-237789-00), is currently 100% occupied. The property features a single-story, Class C building constructed in 1967 with permitted M zoning. It boasts two loading docks, a new truck dock and doors, and a new drive-in door, enhancing its functionality. The clear height ranges from 8 to 15 feet, and the building is equipped with three-phase 208/400 amp electrical service. The property is conveniently located with easy access to I-70 and other major transportation routes. The asking price is $1,485,000, representing a 6.80% cap rate. The property is currently under a NNN lease, with Unit 1503 (2,000 sq ft) leased until May 2025, and Unit 1505 (9,600 sq ft) available for an owner-user. This presents a unique opportunity for both investors and owner-occupiers seeking a well-located, improved industrial space in a thriving market. The property is a single-tenant building in Franklin County, Ohio, with a zip code of 43209.

Highlights

  • $1,485,000 asking price for this 11,712 SF industrial building.
  • Class C, single-tenant, 100% occupied industrial property with a 6.80% cap rate.
  • Located at 1503-1505 Alum Creek Dr, Columbus, OH 43209, on a 0.97-acre lot (APN: 010-237789-00).
  • Features include 2 loading docks, 8'-15' ceiling height, and 3-phase 208/400 amp power.
  • Built in 1967, this one-story building has recently undergone improvements including new truck dock and doors, and a new drive-in door.
  • Unit 1505 (9,600 SF) is available for owner-user occupancy; Unit 1503 (2,000 SF) is leased through May 2025.

Property Details for 1503-1505 Alum Creek Dr

Property type
Other warehouses, Other industrial properties
Square Feet
11,712 SF
Class
C
Year Built
1967
Buildings
1
Stories
1
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.940930715432
Longitude
-82.943863179141
1503-1505 Alum Creek Dr, Columbus, Ohio

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1503-1505 Alum Creek Dr
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