Description
This is a flex warehouse for sale in a highly desirable location in Westerville. It is currently leased below market at $9 a sq. ft. NNN (lease is based on 12,000 sq. ft.). There is approximately 2,000 of office space and over 10,000 of industrial space. Roof and mechanicals are in very good shape. Just under 5 years remaining on lease term. Tenant is a growing robotics company. NOI of $108,000 with 3% annual rent increases and the option to renew year 6 at 10% higher.
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0BEDS
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1.19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This is a flex warehouse for sale in a highly desirable location in Westerville. It is currently leased below market at $9 a sq. ft. NNN (lease is based on 12,000 sq. ft.). There is approximately 2,000 of office space and over 10,000 of industrial space. Roof and mechanicals are in very good shape. Just under 5 years remaining on lease term. Tenant is a growing robotics company. NOI of $108,000 with 3% annual rent increases and the option to renew year 6 at 10% higher.
© 2023 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Signature Real Estate. Data last updated: 2023-06-03T10:51:37.27.