2231 Banwick Road, Columbus, OH 43232
$1,450,000
Property Type:
Commercial
Square Footage:
18,000
Lot Size (sq. ft.):
61,855
Status:
Closed
Current Price:
$1,450,000
List Date:
10/10/2023
Last Modified:
3/03/2025
Overview
Description
100% LEASED INDUSTRIAL WAREHOUSE! 18,000+/- SF industrial warehouse building on 1.417+/- acres facing S James Rd and SR 33. Excellent investment opportunity in a thriving flex space market! Ten tenants occupy the building with rents of $125,700 annually. All ten agreements are 2-year MGL, six with proposed 2-year extensions. Units measure between 1,500-3,000 of office/warehouse. Landlord is responsible for roof, structure, insurance, water/sewer, trash and real estate taxes.
*water and trash can be billed to Tenants, per the lease agreement.
Listing Details MLS# 223033343
Location Property Info
- Original List Price
- 1550000
- Property Sub Type
- Mixed Use
- Street #
- 2231
- Street Name
- Banwick
- Street Suffix
- Road
- County
- Franklin
- State
- OH
- Zip Code
- 43232
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2023-10-10
General Property Info
- Previous Use
- Flex OFC/WH Space
- Total SqFt Available
- 18000
- Bldg Sq Ft
- 18000
- Max Cont Sqft Avail
- 18000
- Minimum Sqft Avail
- 18000
- Occupancy Rate
- 100
- Number of Units
- 10
- # of Floors Above Gr
- Yes
- Total Parking
- 30
- Year Built
- 1980
- Use Code
- 352 - WAREHOUSE: 16-25PERC OFFICE
- Acreage
- 1.42
- # of Docks
- 0
Tax Info
- Parcel #
- 010-181359
- Zoning
- Code 760
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2023
- Tax Abatement
- No
- Taxes (Yrly)
- 16817
- Tax Incentive
- No
Status Change Info
- Under Contract Date
- 2024-02-09
- Sold Date
- 2024-02-09
- Sold Price/SqFt
- 80.56
Expenses
- R.E. Taxes
- 16817
- Property Insurance
- 1091.53
- Repairs&Maintenance
- 2533.33
- Property Management
- 8736
- Water Expense
- 4204.96
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 80.56
- City (Mailing Addr)
- Columbus
- Dist To Interchange
- 0.5
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 7.6
Remarks & Misc
- Property Description
- 100% LEASED INDUSTRIAL WAREHOUSE! 18,000+/- SF industrial warehouse building on 1.417+/- acres facing S James Rd and SR 33. Excellent investment opportunity in a thriving flex space market! Ten tenants occupy the building with rents of $125,700 annually. All ten agreements are 2-year MGL, six with proposed 2-year extensions. Units measure between 1,500-3,000 of office/warehouse. Landlord is responsible for roof, structure, insurance, water/sewer, trash and real estate taxes. *water and trash can be billed to Tenants, per the lease agreement.
Income/Expenses
- Gross Income
- 125700
- Net Operating Income
- 92339
- Total Expenses
- 33361
Addl Acceptance Cond
- None Known
- Yes
Expenses Paid by L
- Building Insurance
- Yes
- Repairs
- Yes
- RE Taxes
- Yes
- Utilities
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
T Contracts Directly
- All Utilities
- Yes
- Cam
- Yes
- Janitorial
- Yes
- Repairs
- Yes
Misc Int & Ext Info
- Ceiling Height Ft
- 16
- Drive-In Doors Size
- (14x14)
- Ceiling Ht Inches
- 192
Construction
- Block
- Yes
Heat Fuel
- Gas
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Heat Type
- Forced Air
- Yes
Electric
- Single Phase
- Yes
Sprinkler
- None
- Yes
Business Type
- Industrial
- Yes
- Professional/Office
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Expenses Paid by L:
Building Insurance; Repairs; RE Taxes
T Contracts Directly:
All Utilities; Cam; Janitorial; Repairs
Heat Fuel:
Gas
Heat Type:
Forced Air
Electric:
Single Phase
Sewer:
Public Sewer
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Construction:
Block
Sprinkler:
None
Business Type:
Industrial; Professional/Office
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
RE/MAX Premier Choice
Listing Agent:
Matthew T Schirtzinger
Last Updated: March - 03 - 2025
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