retail/office building for sale or lease€¦ · potential re-development into apartments or...

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RETAIL/OFFICE BUILDING FOR SALE OR LEASE Stephen Tucker & Todd Schiff [email protected] & tschiff@rweiler.com 10 N. High St. Suite 401 Columbus, Ohio 43215 614-221-4286 www.rweiler.com 17,391 +/- SF Downtown Columbus Building 43 - 47 N High Street Columbus, Ohio 43215

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Page 1: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

RETAIL/OFFICE BUILDING FOR SALE OR LEASE

Stephen Tucker & Todd [email protected] & [email protected]

10 N. High St. Suite 401 Columbus, Ohio 43215

614-221-4286www.rweiler.com

17,391 +/- SF Downtown Columbus Building

43 - 47 N High StreetColumbus, Ohio 43215

Page 2: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

Property Description PRIME DOWNTOWN COLUMBUS LOCATION OFFICE/RETAIL MIX!

17,391 SF loft-style office building features balcony views of High Street from the second and third floors. Floor plates are in shell condition with exposed brick walls, open ceiling, concrete floors, and newly installed window wells for natural light. Includes underground parking garage with

elevator service. Great signage and advertising opportunites for tenants. Extensive renovations completed by current owner - allows for build-to-suit opportunities. Other building uses include

potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square.

Address: 43-47 N High Street Columbus, OH 43215

County: FranklinPID: 010-006353-00

Location: Near the intersection of W Gay St & N High St in the Central Business District Acreage: 0.14 +/- acresBuilding Size: 17,391 +/- SFHeight: Three StoriesArea Per Floor: 5,797 SFYear Built: 1915Year Remodeled: 2010Sale Price: $1,750,000Available Space: 17,391 +/- SFLease Rate: $14.00/SF NNN Zoning: DD Downtown District

Usable space: on the 1st Floor: 3,240 +/- SF on the 2nd Floor: 3,598 +/- SFon the 3rd Floor: 3,867 +/- SF

Page 3: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

Floor Plans1st Floor

2nd Floor

3rd Floor

Page 4: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

Usable Area

Page 5: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

Basement Level Parking Study Options

Page 6: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

Property Location

Great Location!Heart of Downtown Columbus

15 minutes to Columbus Airport20 minutes to Easton and Polaris

Page 7: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

Street Maps

Page 8: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

Aerial & Plat Maps

Page 9: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

Demographics & Traffic

Page 10: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

FACTBOOK 3

The Columbus Region is an 11-county area comprising Delaware, Fairfield, Franklin, Knox, Licking, Logan, Madison, Marion, Morrow, Pickaway and Union counties. This Region represents the coverage area of Columbus 2020’s economic development activities.

The Columbus Region varies from the Columbus Metropolitan Statistical Area (MSA), which comprises 8 of the above 11 counties (excluding Knox, Logan and Marion) and an additional two (Hocking and Perry). Wherever possible, the information and data in this document covers the 11-county region. However, some data is only available at the MSA level and is identified as such in the text, title or source.

• Eleven-county region located in Central Ohio

• Population of 2 million people• Population growth rate of

1.3 percent annually • Ten-county Columbus MSA, 2nd fastest

growing among Midwest metro areas with at least 1 million in population

• Driver of Ohio’s population and economic growth

• 62 college and university campuses • More than 140,000 college students• Home to 15 Fortune 1000 headquarters

COLUMBUS AND FRANKLIN COUNTY

• State capital and largest Ohio city • 15th largest city in the U.S.

COLUMBUS IS WELL CONNECTED TO THE REST OF THE U.S. AND BEYOND

• Port Columbus International Airport: 31 destination airports with more than 140 daily flights

• Enhanced freight rail connections to East Coast ports in Norfolk, VA, Baltimore, MD, and Wilmington, NC

• Columbus is within 500 miles of 44 percent of the U.S. population, higher than other major distribution centers in the U.S. (Source: ESRI Business Analyst, 2013)

REGIONAL OVERVIEWTHE COLUMBUS REGION

MarionCounty

KnoxCounty

LoganCounty

68

U.S. Population within 500 miles

Columbus Chicago

Virgina Beach Los Angeles

Pittsburgh Atlanta

Charlotte Minneapolis

Louisville Savannah

St.Louis Phoenix

Indianapolis Dallas

Memphis

=

New York

Denver

Seattle

139,187,116 – 44% 83,826,331 – 27%

102,716,781 – 33% 46,902,095 – 15%

137,265,695 – 44% 81,371,175 – 26%

98,258,083 – 31% 44,152,696 – 14%

117,447,431 – 37% 66,009,482 – 21%

96,002,428 – 31%

10%

38,438,798 – 12%

110,615,985 – 35% 47,526,233 – 15%

91,338,138 – 29%

90,949,182 – 29%

17,178,926 – 5%

12,810, 661 – 4%

City Highlights

Page 11: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

Marion County

KnoxCounty

Logan County

CLEVELAND

DETROIT

INDIANAPOLIS

CHICAGO

LOUISVILLE

PITTSBURGH

CINCINNATI

ATLANTA

ST. LOUIS

80

75

9 080

90

64

70

80

71

COLUMBUS 70

77

77

6 4

75

65

4 0

250 miles 40 0 km

50 0 miles 80 0 km

RICHMOND

TORONTO

FORTUNE 10 0 0 HEADQUARTERS

City Highlights

Page 12: RETAIL/OFFICE BUILDING FOR SALE OR LEASE€¦ · potential re-development into apartments or condos. Downtown Columbus near the intersection of Gay and High near Capital Square. Address:

This confidential Offering memorandum has been prepared by The Robert Weiler Company for use by a limited number of parties whose sole purpose is to evaluate the possible purchase of the subject property. This Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

The information contained in the Memorandum has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no guar-antee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used, are for example only, and do not represent the current or future performance of the property. The value of this transaction to you depends on taxes and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, inde-pendent investigation of the property for your needs. All potential buyers must take appropri-ate measures to verify all of the information set forth herein. Both The Robert Weiler company and the Owner disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. The contained informa-tion is subject to change at any time and without notice. The recipient of the Memorandum shall not look to the Owner or The Robert Weiler Company for the accuracy of completeness of the Memorandum.

A prospective purchaser must make its own independent investigations, projections, and con-clusions regarding the acquisition of the property without reliance on this Memorandum or any other Confidential information, written or verbal, from the Broker or the Seller. The Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the property or to terminate any negotiations with any party, at any time, with or without written notice. Only a fully-executed Real Estate Purchase Agreement , approved by Seller, shall bind the prop-erty. Each prospective purchaser and /or broker proceeds at its own risk.

Offering Memorandum