Updated Dec 4, 2024
Marcus & Millichap Brokers Sell Columbus Industrial Building For $2.8M
701 Kaderly Drive
$2,800,000
$83/SF
Building Size
33,723 SF
Asset Type
Industrial
Closing
Oct 3, 2023
About this deal
AI
A 33,723-square-foot industrial building on 4.6 acres located at 701 Kaderly Drive in Columbus, Ohio, has been sold for $2.8 million. The property is situated in the industrial market of Columbus, OH.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,800,000
- Square Footage: 33,723
- Price Per Square Foot: $83
- Address: 701 Kaderly Drive
- Market: Columbus, OH
Marcus & Millichap, represented by Nathan Pealer and Reese J. Thaler, facilitated the sale of the industrial building. The transaction marks another success for Marcus & Millichap in the Columbus market.
Players
Columbus Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93