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8740 Orion Place, Columbus, OH 43240 (MLS# 218009434)


$6,200,000
8740 Orion Place
Columbus, OH 43240
MLS# 218009434
Status: Closed
51977 sqft


8740 Orion Place, Columbus, OH 43240
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8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240 8740 Orion Place, Columbus, OH 43240

Property Description
OWNER/OCCUPANT POLARIS INVESTMENT! The old real estate adage LOCATION, LOCATION, LOCATION, has never been so true. This 52,000 sq. ft. class A office building is part of the Polaris Centers of Commerce, a 1,286-acre commercial planned development (CPD). Polaris continues to be one of the fastest growing communities in the United States. Only 15 miles north of the Columbus Central Business District, and minutes from the I - 270 Outerbelt, this location is second to none. The building is ~65% occupied which makes it a perfect match for an Owner/Occupant, or an investor looking for upside potential or to fill the back end of a 1031 Exchange.

Details
Location & Property Info
Original List Price: 6200000
Sold Price: $4,950,000
List Price/SqFt: 119.28
Sub-Type: Office
Street #: 8740
Street Name: Orion
Street Suffix: Place
County: Delaware
City (Mailing Addr): Columbus
State: OH
Zip Code: 43240
Corp LimitPerAuditor: Columbus
Township: None
Office/Contract Info
Buy Brkr/Tenant Rep: Yes
BB/TR Amount: 1
BB/TR Amount Type: Percent
Sub Agency: No
Sold Non-MLS: No
Status: Closed
MLS Entry Date: 2018-03-16
For Sale: Yes
Exchange: No
For Lease: No
General Property Info
Total Available Sqft: 51977
Building Sqft: 51977
Max Cont Sqft Avail: 51977
Minimum Sqft Avail: 51977
# of Floors Above Gr: 3
# of Elevators: 2
Total Parking: 142
Year Built: 2000
Tax Info
Parcel #: 318-442-02-026-500
Zoning: LC-4
Mult Parcels/Sch Dis: No
Tax Year: 2017
Tax Abatement: No
Status Change Info
Under Contract Date: 2019-07-15
Sold Date: 2019-12-06
Sold Price: $4,950,000
Sold Price/SqFt: 95.23
Income/Expenses
Gross Income: 788631.56
Total Expenses: 428982.6
Net Operating Income: 359648.96
T Reimburses L
Curr Yr Est $/SF TRL: 8.25
Auction Info
Auction/Online BiddingY/N: No
Property Features
Addl Acceptance Cond: None Known
Services Available: Electric; Gas; Sanitary Sewer; Storm Sewer; Water
Building Type: Multi Tenant
MLS Primary PhotoSrc: Realtor Provided

Listing Office: The Robert Weiler Company

Listing Agent: Todd Schiff

Last Updated: December - 09 - 2019


The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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