Office Building - EXP Realty Advisors

Office Building
2800 Corporate Exchange drive
Columbus, OH
Representative Photo
Office Building
2800 Corporate Exchange Drive - Columbus, OH 43231
$5,100,000
PRICE PSF: $38.29
•Opportunity to acquire a four story 133,186 sf office building in a Northeast Columbus Office Park
•High visibility location at entrance to I-270 (145,320 VPD), providing easy on/off access
•Tremendous upside in leasing up remaining vacancy (53,158 sf / 44%)
•Building is being offered for sale at a low price per square foot
•Population of over 233,100 within 5 miles; Average household income is $69,325
•Five minutes from Port Columbus International Airport
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Office Building
EXP Realty Advisors is pleased to present for sale this four story 133,186 sf office building
situated on 5.286 acres of land. The building was constructed in 1989. This property is located
2800 Corporate Exchange drive
Columbus, OH
in a highly visible office park that has an entrance at the intersection of Cleveland Avenue and
Newton Drive. This intersection provides access to the entrance and exit to the onramps of I-
List Price:
$5,100,000
Price PSF:
$40.09
heart center, is ½ mile away. Many other restaurants, banks, retail, daycare facilities and hotels
Building Area:
133,186 SF
are nearby, including the Embassy Suites Hotel which is adjacent to the property. Within five
Land Area:
5.103 Acres
miles of the property there is a population of 233,100 people with an average household income
Ownership:
Fee Simple
of $69,325.
Year Built:
1989
Financing:
This Property Is
270 (145,320 VPD). There are many office and medical use buildings in the surrounding
neighborhood. Mt. Carmel St. Ann’s Hospital, which is developing a $100 million full service
This property offers outstanding amenities including underground parking/storage, card key
security system, jogging path, employee showers, locker facilities and atrium deli service
providing breakfast and lunch. The building and landscaping were professionally designed and
Offered Free And
Clear Of Debt
are well maintained.
The Columbus region has more than 25 colleges and universities, with a total enrollment of over
115,000 students and 20,000 annual graduates. The Columbus Chamber helps to promote job
training incentives and training providers that support economic development in the region
through workforce development and support.
There are also many tax credit programs for
businesses in the area including Ohio Job Creation Tax Credit, Research and Development
Investment Tax Credit , Manufacturing Machinery & Investment Tax Credit (M&E Tax Credit),
Technology Investment Tax Credit, Ohio Training Tax Credit.
With a great quality of life, competitive wage rates and growth of labor-shed that outpaces the
nation, the Columbus Region is a great place to do business.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Office Building
Rent Roll & Debt Information
Current Net Current Annual
Rental Rate
Net Rent
$7.50
$7,552.50
2800 Corporate Exchange drive
Columbus, OH
Floor - Suite
#
1 - 100
RSF
1,007
Type lease
Net
United Healthcare Services, Inc.
1 - 110
5,797
Net
$9.00
$52,173.00
$17.00
PeopleFirst HomeCare
Hewlett-Packard Company
1 - 140
1 - 150
4,578
7,033
Gross
Net
$7.25
$7.50
$33,190.56
$52,747.50
$15.00
$16.29
Avnet, Inc.
1 - 160
6,578
Net
$6.75
$44,401.50
$15.13
$99,525.14 6/20/2005
12/31/2010
Electrolux Holdings, Inc.
Combynet, Inc.
2 - 200
2 - 210
2,164
2,267
Net
Net
$6.75
$5.75
$14,607.00
$13,035.25
$14.50
$13.60
$31,378.00
$30,831.20
4/1/2009
1/1/2007
7/31/2012
6/30/2012
Synoran, Inc.
Barr Engineering, Inc.
2 - 225
2 - 240
3,274
4,714
Gross
Net
$4.00
$6.49
$13,096.00
$30,593.86
$12.00
$14.90
$39,288.00
$70,238.60
3/1/2009
4/1/2005
Open
9/30/2011
Bostech Corporation
2 - 260
3,456
Net
$7.25
$25,056.00
$15.25
$52,704.00 10/16/2006
1/31/2012
HDR Engineering, Inc.
2 - 270
3,406
Net
$9.00
$30,654.00
$16.75
$57,050.50
5/9/2008
8/31/2013
AECOM Technology Corporation
3 - 300
11,161
Gross
$11.00
$122,771.00
$19.00
$212,059.00 1/15/2005
1/31/2010
Infor Global Solutions
(Michigan), Inc.
3 - 350
15,574
Net
$7.46
$116,182.04
$15.76
$245,446.24 8/15/2008
8/31/2014
JSR Management
2800 Deli
LL - 025
LL - 050
1,377
2,626
Gross
Owner lease
$10.73
$0.00
$14,775.21
$0.00
$10.73
$0.00
$14,775.21 11/1/1997
$0.00 10/1/2008
Open
Open
MaxRack, Inc. dba
Kamco International
LL - 075
1,425
Gross
$4.88
$6,954.00
$12.63
$18,000.00 1/12/2009
2/28/2014
$7.56
$577,789.42
$15.29
Tenant
Amber Home Care, LLC
Totals:
Storage
Maintenance
Current Annual Net Rent
Reimbursements
Effective Gross Income
Operating Expenses
Net Operating Income
Current Gross
Current Gross
Rental Rate
Annual Rent Lease Start
$15.25
$15,356.75 8/1/2009
$98,549.00
4/7/2008
Expiration
7/31/2012
4/30/2011
$68,670.00 10/15/2009 10/31/2012
$114,567.57 9/1/2007
8/31/2012
Security
Deposit
Comment
$0.00 1. Net annual rent increases
$0.25/SF/Yr
2. Personal guaranty on lease
$7,681.03 1. Net annual rent increases
$0.50/SF/Yr.
$0.00
$0.00 1. Net annual rent increases by
$1.00/SF beginning 1/1/10 for final
8 months of lease
2. Tenant has exercised its early
termination right effective 8/31/10
3. Tenant to pay early-termination
fee of $31,027.29 on 6/1/10
$0.00 1. Net annual rent increases
$0.25/SF for final 6 months of term
$2,474.81 1. Net annual rent increases
$0.25/SF/Yr
$0.00
$5,408.99 1. Net annual rent increases from
$6.49/SF to $6.75/SF over
remainder of term
$4,355.66 1. Net annual rent increases from
$7.25/SF to $7.75/SF over
remainder of term
$0.00 1. Net annual rent increases
$0.25/SF/Yr over term
$0.00 1. Formerly Metcalf & Eddy, Inc.
2. Gross Lease with 2005 Base
Year for operating expense.
$12,055.33 1. Net annual rent increases from
$7.25/SF to $8.25/SF over the
remaining term.
2. $0.21/SF of net rent is amortization of TI cost over the term.
$0.00 1. On-site management office.
$0.00 1. Owner provides space for Deli
operation @ owner's expense.
Deli owner repsonsible for cost of
operating business.
$0.00 1. Landlord owns a controlling
interest in Tenant
$1,168,439.21
5,987
377
577,789
590,648
1,168,437
Occupied SF
Vacant SF
Leasable SF
Total SF
56%
44%
100%
135,582
(880,476)
287,961
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Aerial Photo
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Aerial Photo And Map
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Area Tenants Map
Office Building
2800 Corporate Exchange drive
Columbus, OH
Mt. Carmel St. Ann’s Hospital
Subject Property
Northeast Medical Center
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Office Building
Office Park Tax Parcel Map
2800 Corporate Exchange drive
Columbus, OH
2800
2400
Subject Property
Property also available. Please
visit www.exp1031.com for more
information
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Subject Property Tax Parcel Map
Parcel # 600-211627-00
Office Building
2800 Corporate Exchange drive
Columbus, OH
2800
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Exterior Photo
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Blue Print – Lower Level
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Blue Print – First Floor
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Blue Print – Second Floor
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Blue Print – Third Floor
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Blue Print – Fourth Floor
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Office Building
Location Map
2800 Corporate Exchange drive
Columbus, OH
Subject Property
Subject Property
Port Columbus
International
Airport
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Traffic Count Maps
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
3-5-7 Mile Demographic Map
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
3-5-7 Mile Demographic Graphs
Office Building
2800 Corporate Exchange drive
Columbus, OH
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com
Office Building
3-5-7 Mile Demographic Data
3 Miles:
5 Miles:
2800 Corporate Exchange drive
Columbus, OH
7 Miles:
Contact Us
Population: 2009
Total Population
107,467
233,101
410,054
Male Population
48.4%
48.6%
48.7%
Female Population
51.6%
51.4%
51.3%
35.5
35.5
35.9
Population Density (per sq. mi.)
3,800.9
2,967.9
2,663.8
Employees
69,009
168,859
245,605
4,514
10,019
15,143
Median HH Income
$60,616
$62,923
$63,600
Per Capita Income
$25,507
$27,948
$28,596
Average HH Income
$64,076
$69,325
$72,428
41,821
92,777
160,314
2.53
2.48
2.53
11.7%
19.1%
16.4%
Owner Occupied Housing Units
53.2%
54.4%
56.6%
Renter Occupied Housing Units
34.7%
33.2%
30.8%
Vacant Housing Units
12.2%
12.4%
12.6%
White
75.5%
75.0%
74.0%
Black
15.6%
15.7%
17.0%
American Indian, Eskimo, Aleut
0.1%
0.1%
0.1%
Asian
3.2%
3.6%
3.7%
Hawaiian or Pacific Islander
0.1%
0.1%
0.1%
Other
1.7%
1.6%
1.4%
Multirace
3.8%
4.0%
3.8%
Median Age
Establishments
Income: 2009
Our Team
Households: 2009
Total Households
Average Household Size
Household Growth 1990 - 2000
EXP Realty Advisors
118 East 28th Street
Suite #808
New York, NY 10016
Phone: (212) 972-7457
Fax:
(212) 686-0078
Website: www.exp1031.com
Housing: 2009
Race: 2009
Robert P. James
President
Phone: (212) 972-7457
E-mail: rob@exp1031.com
Douglas D. McCulloch
Director of Sales
Phone: (212) 972-7457
E-mail: doug@exp1031.com
Daniel de Sa'
Sales Manager
Phone: (212) 972-7457
E-mail: dan@exp1031.com
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
Fax:
Email:
Website:
212-972-7457
212-686-0078
exp@exp1031.com
www.exp1031.com