6660 High StWorthington, OH 43085

For Sale
$1,495,000

High-yield office building, sale-leaseback potential.

Overview

Added:
Dec 11, 2024
Days on market:
90
This two-story, 18,648 square foot Class B office building, located at 6660 N High St in Worthington, Ohio (zip code 43085), presents a compelling investment opportunity. Built in 1954 and extensively renovated in 2019, the property boasts a desirable location on a major thoroughfare with excellent visibility and easy access. The building features 75 paved off-street parking spaces and a new HVAC system and elevator. Currently housing 23 tenants under a gross lease, the building enjoys a 75% occupancy rate, generating a net operating income (NOI) of $149,825. The asking price is $1,495,000, representing a 6.50% cap rate and a pro-forma cap rate of 10.02%. The property's strong tenant base, comprised of local business professionals, ensures long-term stability. The building's excellent condition, coupled with its prime location and potential for sale-leaseback arrangements, makes it an ideal investment for both owner-occupants and investors seeking a high-yield property in the affluent Worthington suburb of Columbus. The property's APN is 100-002598.

Highlights

  • Solid income with sale-leaseback potential.
  • Upscale brick office building in affluent Worthington, OH suburb.
  • Excellent condition; new HVAC, elevator, and recent renovations.
  • Ample paved, off-street parking (75 spaces).
  • High visibility on major thoroughfare with signalized intersection.
  • Easy ingress/egress.

Property Details for 6660 High St

Property type
Other office properties, Office properties
Square Feet
18,648 SF
Class
B
Year Built/Renovated
1954/2019
Buildings
1
Stories
2

Location Insight

City
Worthington
County
Franklin
State
Ohio
Latitude
40.0995205
Longitude
-83.016638
6660 High St, Worthington, Ohio

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6660 High St
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