For Sale
$14,000,000

711 Southwood AveColumbus, OH 43207

Flex Industrial Campus: Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 410,495-square-foot flex industrial campus, situated on 23.72 acres in Columbus, Ohio, presents a compelling value-add investment opportunity. The property comprises six buildings, including approximately 96,906 square feet of fully leased office space with long-term tenants and 313,589 square feet of warehouse space offering flexible occupancy terms or value-add potential. Seven tenants currently occupy the space. Recent capital improvements are extensive, encompassing HVAC upgrades, enhanced lighting, new flooring and paint in the office areas, and significant warehouse upgrades including LED lighting, storefronts, exterior enhancements, truck court improvements, expanded parking, new fencing, and upgraded security systems. The property boasts 27 dock-high doors and 17 loading docks. The campus benefits from ample parking and additional land, providing further value-add opportunities or potential for future infill redevelopment. Zoned M (Manufacturing) by the City of Columbus, this property is located in a Qualified Opportunity Zone and enjoys convenient access to major transportation arteries, including I-70, US-33, and I-71. The asking price is $14,000,000, representing a pro-forma cap rate of 10.00% and a pro-forma NOI of $1,400,000. The price per square foot is $34.11. This is a multi-tenant property with no credit rating provided for the tenants. The lease type is modified.

Highlights

  • 410,495 SF flex industrial campus on 23.72 acres.
  • 96,906 SF of fully leased, long-term office space.
  • 313,589 SF of warehouse space available for flexible-term occupancy or value-add.
  • Significant recent campus improvements including HVAC, lighting, flooring, paint, LED lighting, storefronts, exteriors, truck court, parking, fencing, and security upgrades.
  • City of Columbus M (Manufacturing) zoning.
  • Ample parking and land for future value-add opportunities.

Property Details for 711 Southwood Ave

Property type
Warehouses, Industrial properties
Square Feet
410,495 SF
Class
C
Buildings
6
Lot Size (sq. ft)
1,033,243 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.932691005137
Longitude
-82.975494184123
711 Southwood Ave, Columbus, Ohio

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711 Southwood Ave
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