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
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.
Supplements: ********
More Information MLS# 223033343
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
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
Total Parking: 30
# of Docks: 0
Use Code: 352 - WAREHOUSE: 16-25PERC OFFICE
Number of Units: 10
# of Floors Above Gr: 1
Year Built: 1980
Acreage: 1.42
Tax Info
Zoning: Code 760
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 16817
Tax Incentive: No
Parcel #: 010-181359
Tax Year: 2023
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.
Status Change Info
Sold Price/SqFt: 80.56
Under Contract Date: 2024-02-09
Sold Date: 2024-02-09
Sold Price: $1,450,000
Income/Expenses
Gross Income: 125700
Net Operating Income: 92339
Total Expenses: 33361
Addl Acceptance Cond
None Known: 1
Expenses Paid by L
Building Insurance: 1
Repairs: 1
RE Taxes: 1
Utilities: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
T Contracts Directly
All Utilities: 1
Cam: 1
Janitorial: 1
Repairs: 1
Expenses
R.E. Taxes: 16817
Property Insurance: 1091.53
Repairs&Maintenance: 2533.33
Property Management: 8736
Water Expense: 4204.96
Misc Int & Ext Info
Ceiling Height Ft: 16
Drive-In Doors Size: (14x14)
Ceiling Ht Inches: 192
Construction
Block: 1
Heat Fuel
Gas: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Heat Type
Forced Air: 1
Electric
Single Phase: 1
Auction Info
Auction/Online Bidding Y/N: No
Sprinkler
None: 1
Business Type
Industrial: 1
Professional/Office: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1550000
Sold Price: $1,450,000
Property Sub Type: Mixed Use
Street #: 2231
Street Name: Banwick
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43232
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2023-10-10
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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