8760 Orion Place, Columbus, OH 43240
$5,574,000
Property Type:
Office
Square Footage:
52,027
Status:
Closed
Current Price:
$5,574,000
List Date:
3/13/2018
Last Modified:
1/25/2025
Overview
Description
GREAT INVESTMENT OPPORTUNITY!
100% occupied three-story office building located immediately east of I-71 and is part of the Polaris Centers of Commerce, a 1,286-acre commercial planned development (CPD). Polaris is one of the fastest growing
communities in the United States, and is anchored by the largest regional mall in Central Ohio. It sits only 15 miles north of the Columbus Central Business District. Perfect for the back end of a 1031 Exchange, or an investment in an area that continues to grow in population and value. With a NOI of ~ $463,000 for year end 2017 and a purchase price of $6,500,000, this property generates an 7.12% CAP rate.
Listing Details MLS# 218007151
Location Property Info
- Original List Price
- 7200000
- Property Sub Type
- Office
- Street #
- 8760
- Street Name
- Orion
- Street Suffix
- Place
- County
- Delaware
- State
- OH
- Zip Code
- 43240
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2018-03-01
General Property Info
- Total Available Sqft
- 52027
- Building Sqft
- 52027
- Max Cont Sqft Avail
- 52027
- Minimum Sqft Avail
- 52027
- # of Floors Above Gr
- 3
- # of Elevators
- 2
- Total Parking
- 220
- Year Built
- 1999
- # of Docks
- 0
Tax Info
- Parcel #
- 318-442-02-026-002
- Zoning
- LC-4
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2017
- Tax Abatement
- No
- Taxes (Yrly)
- 134045
Status Change Info
- Under Contract Date
- 2018-05-16
- Sold Date
- 2018-09-18
- Sold Price/SqFt
- 107.14
T Reimburses L
- Curr Yr Est $/SF TRL
- 9.74
More Information
Auction Info
- Auction/Online BiddingY/N
- No
Location & Property Info
- List Price/SqFt
- 124.94
- 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
- GREAT INVESTMENT OPPORTUNITY! 100% occupied three-story office building located immediately east of I-71 and is part of the Polaris Centers of Commerce, a 1,286-acre commercial planned development (CPD). Polaris is one of the fastest growing communities in the United States, and is anchored by the largest regional mall in Central Ohio. It sits only 15 miles north of the Columbus Central Business District. Perfect for the back end of a 1031 Exchange, or an investment in an area that continues to grow in population and value. With a NOI of ~ $463,000 for year end 2017 and a purchase price of $6,500,000, this property generates an 7.12% CAP rate.
Income/Expenses
- Gross Income
- 969916.13
- Net Operating Income
- 463003.56
- Total Expenses
- 506912.57
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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