4485 Northland Ridge Blvd | Columbus, OH 43229
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4485 Northland Ridge Blvd
Columbus, OH 43229
Ohio Department of Taxation · Office Property For Sale
Investment Highlights
- 10.88 Acers in Columbus OH
- Priced Below Replacement Cost
- 100% Occupancy
- 12 Year Lease
- State of Ohio Department of Taxation Headquarters
Executive Summary
The Newmark Government Capital Markets team (“Newmark”), as exclusive representatives of Ownership, is pleased to present
qualified investors with a unique opportunity to acquire a government-leased headquarters facility located at 4485 Northland Ridge
Boulevard in Columbus, Ohio (the “Offering”). The Offering is home to the headquarters of the State of Ohio Department of Taxation
and serves several vital functions including the processing of all state income taxes, housing record storage, check processing, audit
functions, executive offices, and data center.
qualified investors with a unique opportunity to acquire a government-leased headquarters facility located at 4485 Northland Ridge
Boulevard in Columbus, Ohio (the “Offering”). The Offering is home to the headquarters of the State of Ohio Department of Taxation
and serves several vital functions including the processing of all state income taxes, housing record storage, check processing, audit
functions, executive offices, and data center.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
320,000 SF
Building Class
A
Year Built/Renovated
1963/2004
Price
£24,194,570
Price Per SF
£76
Net Initial Yield
9.40%
NOI
£2,274,290
Tenancy
Single
Number of Floors
3
Typical Floor Size
106,666 SF
Building FAR
0.68
Lot Size
10.88 AC
Opportunity Zone
Yes
Parking
510 Spaces (1.59 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 010-270389 | Improvements Assessment | £4,961,054 |
| Land Assessment | £429,413 | Total Assessment | £5,390,467 |
PROPERTY TAXES
Parcel Number
010-270389
Land Assessment
£429,413
Improvements Assessment
£4,961,054
Total Assessment
£5,390,467
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