8760 Orion Place, Columbus, OH 43240 (MLS# 218007151)

8760 Orion Place, Columbus, OH 43240

$5,574,000

Property Type: Office Square Footage: 52,027 Status: Closed

Current Price: $5,574,000 List Date: 3/13/2018 Last Modified: 1/25/2025

Description

GREAT INVESTMENT OPPORTUNITY! 100% occupied three-story office building located immediately east of I-71 and is part of the Polaris Centers of Commerce, a 1,286-acre commercial planned development (CPD). Polaris is one of the fastest growing communities in the United States, and is anchored by the largest regional mall in Central Ohio. It sits only 15 miles north of the Columbus Central Business District. Perfect for the back end of a 1031 Exchange, or an investment in an area that continues to grow in population and value. With a NOI of ~ $463,000 for year end 2017 and a purchase price of $6,500,000, this property generates an 7.12% CAP rate.

Supplements: ********

More Information MLS# 218007151

Location & Property Info

List Price/SqFt: 124.94 City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes Exchange: No For Lease: No Lease Rate $/Sq Ft: 0

General Property Info

Max Cont Sqft Avail: 52027 Minimum Sqft Avail: 52027 Total Available Sqft: 52027 Total Parking: 220 # of Docks: 0 Building Sqft: 52027 # of Elevators: 2 # of Floors Above Gr: 3 Year Built: 1999

Tax Info

Zoning: LC-4 Mult Parcels/Sch Dis: No Tax Abatement: No Taxes (Yrly): 134045 Parcel #: 318-442-02-026-002 Tax Year: 2017

Remarks & Misc

Property Description: GREAT INVESTMENT OPPORTUNITY! 100% occupied three-story office building located immediately east of I-71 and is part of the Polaris Centers of Commerce, a 1,286-acre commercial planned development (CPD). Polaris is one of the fastest growing communities in the United States, and is anchored by the largest regional mall in Central Ohio. It sits only 15 miles north of the Columbus Central Business District. Perfect for the back end of a 1031 Exchange, or an investment in an area that continues to grow in population and value. With a NOI of ~ $463,000 for year end 2017 and a purchase price of $6,500,000, this property generates an 7.12% CAP rate.

Status Change Info

Sold Price/SqFt: 107.14 Under Contract Date: 2018-05-16 Sold Date: 2018-09-18 Sold Price: $5,574,000

Income/Expenses

Gross Income: 969916.13 Net Operating Income: 463003.56 Total Expenses: 506912.57

Addl Acceptance Cond

None Known: 1

T Reimburses L

Curr Yr Est $/SF TRL: 9.74

Services Available

Electricity Available: 1 Natural Gas Available: 1 Sewer Available: 1 Storm Sewer: 1 Water Available: 1

Building Type

Multi Tenant: 1

Auction Info

Auction/Online BiddingY/N: No

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 7200000 Sold Price: $5,574,000 Property Sub Type: Office Street #: 8760 Street Name: Orion Street Suffix: Place County: Delaware State: OH Zip Code: 43240 Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2018-03-01

Property Features

Addl Acceptance Cond: None Known Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Building Type: Multi Tenant MLS Primary PhotoSrc: Realtor Provided

Listing Office: The Robert Weiler Company

Listing Agent: Todd E Schiff

Last Updated: January - 25 - 2025

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