1711 Woodland AveColumbus, OH 43219

Property Details for 1711 Woodland Ave

Year built

1958

Lot size

4.72 AC

Property size (Sq ft)

74,458 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This Columbus, Ohio industrial property offers a compelling sale-leaseback opportunity. The ±74,458 square foot warehouse, situated on a 4.72-acre lot in Franklin County (APN: 010-109322-00), consists of two buildings and boasts a desirable location with convenient access to major highways I-670, I-71, and I-270, as well as proximity to John Glenn International Airport. Built in 1958 and renovated in 2015, the property features a 20'-26' ceiling height, six dock-high doors, and seven drive-in doors, making it ideal for distribution and manufacturing operations. The property is zoned M and benefits from existing infrastructure including a 4' gas line and a 6' water line. The current tenant, occupying the space since 1987, has a 15-year NNN lease at $4.50/SF, generating a Pro-Forma NOI of $335,061 and a 7.50% cap rate. The asking price is $4,467,480. This sale-leaseback presents a strong investment opportunity with a long-term, established tenant and significant upside potential. The property's size, location, and features make it an attractive asset for investors seeking stable income and future growth.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.0028

Longitude

-82.9544

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