711 Southwood AveColumbus, OH 43207

Property Details for 711 Southwood Ave

Year built

1990

Lot size

12.95 AC

Property size (Sq ft)

15,968 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

010-113409

APU

10113409

Description

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.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9317

Longitude

-82.9759

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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