Property Description
Contact Agent
Joshua M. Waller
FULLY LEASED OFFICE INVESTMENT WITH 15-YEAR LEASE IN PLACE!!
9,867 SF on 0.25 AC
Fully leased two-story office property on the edge of Downtown Columbus and the thriving Old Town East neighborhood.
15-year lease agreement in place with 13.5 years remaining.
Corporate Guaranty provided by 614Gig.
Long-term Tenant in place for 10+ years.
New Roof replacement in 2022 with a 25-year warranty.
12 surface parking spaces.
Elevator and stair access.
12' Ceiling Height.
Building and free-standing signage.
$169,830 = 2024 Projected NOI
$1,700,000 = Sale Price
10% = Cap Rate
$187,212 = 2023 Actual NOI
Call today to discuss this great opportunity for a long-term investment property in Columbus, OH!!
614-800-3231
Property Details
Property Type
Office
Size
9,867 SF
Floors
2
Year Built
1972
Property Location
423 East Town Street, Columbus, OH, USA