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112 Jefferson Avenue, Columbus, OH 43215

$5,500,000
Property Type: Office Square Footage: 25,679 Lot Size (sq. ft.): 31,799 Status: Closed
Current Price: $5,500,000 List Date: 10/17/2023 Last Modified: 2/23/2024

Description

Discover a Prime Columbus Commercial Real Estate Gem: High-Yield Investment Opportunity across from Columbus State Community College in Downtown Columbus This high-performing asset offers immediate, secure cash flow through an existing NN lease agreement with the CSCC, 10 year w 5 year option. Unparalleled and ideal for a 1031 Tax Exchange, this fully-renovated 2023 all-brick, three-story commercial office building boasts 25,679 sq. ft. Conveniently located across from Columbus State Community College, along the COTA Bus line, with consistent cash flow through the NN lease agreement. With an attractive cap rate, this property is a top choice for savvy investors seeking a turn-key opportunity.This building is ADA Accessible and has large parking lot across the street.

Supplements: ********

More Information MLS# 223034128

Location Property Info

Original List Price: 8200000 Sold Price: $5,500,000 Sub-Type: Office Street #: 112 Street Name: Jefferson Street Suffix: Avenue County: Franklin State: OH Zip Code: 43215 Subdiv/Cmplx/Comm: East Park Place Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2023-10-14

General Property Info

Previous Use: Medical Offices Total Available Sqft: 25679 Building Sqft: 25679 Max Cont Sqft Avail: 25679 Minimum Sqft Avail: 25679 # of Floors Above Gr: 3 # of Elevators: 1 # of Docks: 1 Use Code: 442 - MEDICAL OFFICES Year Built: 2005 Basement: Yes Acreage: 0.73

Tax Info

Parcel #: 010-066986 Zoning: C-Commericial Tax Year: 2022 Tax Abatement: No Taxes (Yrly): 64241

Status Change Info

Under Contract Date: 2024-02-06 Sold Date: 2024-02-23 Sold Price: $5,500,000 Sold Price/SqFt: 214.18

Auction Info

Auction/Online BiddingY/N: No

Sale Info

Seller Assisted Fin: N Seller/Buyer Concessions: Y Concession Comments: Repairs

Property Features

Addl Acceptance Cond: None Known Electric: 3 Phase Services Available: Electric; Gas; Sanitary Sewer; Storm Sewer; Water Building Type: Single User Construction: Masonry Miscellaneous: Air Condition Alternate Uses: Commercial MLS Primary PhotoSrc: Realtor Provided
Listing Office: Douglas & Associates Realty
Listing Agent: Stephan Douglas
Last Updated: February - 23 - 2024
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