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
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.
Supplements: ********
More Information MLS# 218009434
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
General Property Info
Max Cont Sqft Avail: 51977
Minimum Sqft Avail: 51977
Total Available Sqft: 51977
Total Parking: 142
# of Docks: 0
Building Sqft: 51977
# of Elevators: 2
# of Floors Above Gr: 3
Year Built: 2000
Tax Info
Zoning: LC-4
Mult Parcels/Sch Dis: No
Tax Abatement: No
Parcel #: 318-442-02-026-500
Tax Year: 2017
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.
Status Change Info
Sold Price/SqFt: 95.23
Under Contract Date: 2019-07-15
Sold Date: 2019-12-06
Sold Price: $4,950,000
Income/Expenses
Gross Income: 788631.56
Net Operating Income: 359648.96
Total Expenses: 428982.6
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 8.25
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Building Type
Multi Tenant: 1
Auction Info
Auction/Online BiddingY/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 6200000
Sold Price: $4,950,000
Property Sub Type: Office
Street #: 8740
Street Name: Orion
Street Suffix: Place
County: Delaware
State: OH
Zip Code: 43240
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2018-03-16
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 Schiff
Last Updated: January - 25 - 2025
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