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906 9th St - 1164 Gibbard Ave., Columbus, OH, 43219

906 9th St – 1164 Gibbard Ave.

$3,800,000

Key Information

$ per SF
$85
Tot. SF
44,451
Lot Size
2.34 Acres
Units
11
Year Built
1950 / 1965 (r)
Term Remaining
± 0.36 Years
Type
Industrial
Occupancy
75%
NOI
$114,246

Highlights

• ±44,451 SF multi-tenant industrial portfolio on approximately 2.34 acres just northeast of Downtown Columbus
• Comprised of four separate buildings that can be acquired together or individually, the property offers exceptional flexibility for both owner-users and investors
• Month-to-month leases provide the opportunity for owner-users to occupy up to 90% of the property or for investors to capitalize on lease-up and rental upside
• Ideally located minutes from I-71, I-670, Downtown Columbus, and John Glenn Columbus International Airport, the property offers excellent accessibility
• Multiple avenues to create value through owner occupancy, lease-up, or long-term rental growth
• ±3 Miles Away to Downtown
• ±117,000 VPD and ±145,000 VPD on nearby interstates
• Achieve full occupancy by 2027 with an average rate of $9/SF modified gross
• Significant rental upside with in-place rents well below market rates

Photos

Location

Agents

Broker of Record

Matt Wallace

License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113