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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