For Sale
$4,900,000

8405 Pulsar PlColumbus, OH 43240

Prime Columbus Office Building, 50,050 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: The Polaris Office Building at 8405 Pulsar Pl, Columbus, OH, presents a unique chance to acquire a 50,050 square foot Class B creative office building. This two-story building, constructed in 1997, sits on a 3.79-acre lot in the desirable Polaris area, boasting high visibility and accessibility. The property features 40,000 square feet of net rentable space, currently at 40% occupancy. The asking price is $4,900,000, translating to $97.90 per square foot. Ample parking is provided with 237 spaces (4.7 spaces per 1,000 sq ft). The building benefits from recent upgrades including renovated elevators, keycard access, and exterior cameras. A covered outdoor patio adds to its appeal. The location is strategically positioned 1,200 feet from the I-71 and Polaris Parkway Interchange, experiencing a daily traffic count of 47,693 vehicles. Surrounding amenities include Polaris Fashion Place mall, hotels, and restaurants. The property is zoned LC4 and has a strong tenant leasing the west half of the first floor for three more years with three five-year options. The seller is open to owner financing and a leaseback of the west half of the second floor for up to two years. This property is ideal for a variety of uses, including an event center or charter school. The seller will consider real estate as a down payment and, with lender permission, a wrap-around mortgage.

Highlights

  • Exceptional investment opportunity: 50,050 SF Class B creative office building in desirable Polaris, Columbus, OH.
  • $4,900,000 asking price ($97.90/SF); 40% occupancy.
  • 3.79-acre lot with 237 parking spaces (4.7/1,000 SF), high visibility, and I-71/Polaris Parkway proximity (47,693 VPD).
  • Recent upgrades include renovated elevators, keycard access, and exterior cameras; features a covered patio.
  • Seller financing options available, including accepting real estate as a down payment and a wrap-around mortgage (with lender approval); Seller will lease back a portion of the building for up to two years.
  • Strong existing tenant with a long-term lease (3 years + 3 five-year options). 2% co-op.

Property Details for 8405 Pulsar Pl

Property type
Office properties, Office space
Square Feet
50,050 SF
Class
B
Year Built
1997
Buildings
1
Stories
2
Lot Size (sq. ft)
165,092 SF

Location Insight

City
Columbus
County
Delaware
State
Ohio
Latitude
40.140700712465
Longitude
-82.966260726165
8405 Pulsar Pl, Columbus, Ohio

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8405 Pulsar Pl
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