8740 Orion Place, Columbus, OH 43240
$4,950,000
Property Type:
Office
Square Footage:
51,977
Status:
Closed
Current Price:
$4,950,000
List Date:
7/17/2019
Last Modified:
1/25/2025
Overview
Description
OWNER/OCCUPANT POLARIS INVESTMENT!
The old real estate adage LOCATION, LOCATION, LOCATION, has never been so true. This 52,000 sq. ft. class A office
building is part of the Polaris Centers of Commerce, a 1,286-acre commercial planned development (CPD). Polaris continues to be
one of the fastest growing communities in the United States. Only 15 miles north of the Columbus Central Business District, and minutes from the I - 270 Outerbelt, this location is second to none. The building is ~65% occupied which makes it a perfect match for an Owner/Occupant, or an investor looking for upside potential or to fill the back end of a 1031 Exchange.
Listing Details MLS# 218009434
Location Property Info
- Original List Price
- 6200000
- Property Sub Type
- Office
- Street #
- 8740
- Street Name
- Orion
- Street Suffix
- Place
- County
- Delaware
- State
- OH
- Zip Code
- 43240
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2018-03-16
General Property Info
- Total Available Sqft
- 51977
- Building Sqft
- 51977
- Max Cont Sqft Avail
- 51977
- Minimum Sqft Avail
- 51977
- # of Floors Above Gr
- 3
- # of Elevators
- 2
- Total Parking
- 142
- Year Built
- 2000
- # of Docks
- 0
Tax Info
- Parcel #
- 318-442-02-026-500
- Zoning
- LC-4
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2017
- Tax Abatement
- No
Status Change Info
- Under Contract Date
- 2019-07-15
- Sold Date
- 2019-12-06
- Sold Price/SqFt
- 95.23
T Reimburses L
- Curr Yr Est $/SF TRL
- 8.25
More Information
Auction Info
- Auction/Online BiddingY/N
- No
Location & Property Info
- List Price/SqFt
- 119.28
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 0
Remarks & Misc
- Property Description
- OWNER/OCCUPANT POLARIS INVESTMENT! The old real estate adage LOCATION, LOCATION, LOCATION, has never been so true. This 52,000 sq. ft. class A office building is part of the Polaris Centers of Commerce, a 1,286-acre commercial planned development (CPD). Polaris continues to be one of the fastest growing communities in the United States. Only 15 miles north of the Columbus Central Business District, and minutes from the I - 270 Outerbelt, this location is second to none. The building is ~65% occupied which makes it a perfect match for an Owner/Occupant, or an investor looking for upside potential or to fill the back end of a 1031 Exchange.
Income/Expenses
- Gross Income
- 788631.56
- Net Operating Income
- 359648.96
- Total Expenses
- 428982.6
Addl Acceptance Cond
- None Known
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Building Type
- Multi Tenant
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Building Type:
Multi Tenant
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
The Robert Weiler Company
Listing Agent:
Todd E Schiff
Last Updated: January - 25 - 2025
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