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Long-Term Leased Office Investment Property in Downtown Columbus

423 East Town Street, Columbus, OH, USA

For Sale

$1,700,000

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

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