2536-2540 Creekway Dr
25,360 SF Industrial Building Columbus, OH 43207 £2,027,994 (£80/SF) 7.14% Net Initial Yield
INVESTMENT HIGHLIGHTS
- New single tenant NNN lease with 2.5% annual increases | Lease expires May 31, 2029
- Service Partners is a division of Specialty Distribution Group, LLC, part of TopBuild, Inc. (NYSE: BLD), which has a market capitalization exceeding $
- Tenant has a Termination Option and can vacate beginning March 1, 2027
- 25,360 square foot small-bay industrial property on 1.48 acres | Property has 2 bays and tenant occupies both bays
- The building was built in 1988 and features 18' clear heights, ample loading and block construction
- Rent is in-line with the market at $7.00 per square foot NNN | Tenant moved in Summer 2024
EXECUTIVE SUMMARY
New single tenant NNN lease with Service Partners, a subsidiary of TopBuild (NYSE: BLD)
PROPERTY FACTS
| Price | £2,027,994 |
| Price Per SF | £80 |
| Sale Type | Investment NNN |
| Net Initial Yield | 7.14% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.48 AC |
| Rentable Building Area | 25,360 SF |
| Number of Floors | 1 |
| Year Built | 1988 |
| Tenancy | Single |
| Parking Ratio | 0.71/1,000 SF |
| Clear Ceiling Height | 18 ft |
| No. Dock-High Doors/Loading | 4 |
| Level Access Doors | 3 |
| Opportunity Zone |
Yes |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £317,321 | |
| Land Assessment | £41,920 | Total Assessment | £359,241 |
ZONING
| Zoning Code | M-1 (Manufacturing) |
