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
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.
Supplements: ********
More Information MLS# 218007151
Location Property Info
Original List Price: 7200000
Sold Price: $5,574,000
Property Sub Type: Office
Street #: 8760
Street Name: Orion
Street Suffix: Place
County: Delaware
State: OH
Zip Code: 43240
Township: None
OfficeContract Info
Status: Closed
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
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: $5,574,000
Sold Price/SqFt: 107.14
T Reimburses L
Curr Yr Est $/SF TRL: 9.74
Auction Info
Auction/Online BiddingY/N: No
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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