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CBRE Represents Seller In $17.5M Sale Of One And Two Easton Oval Office Buildings
SOLD
$17,500,000
+ 1
Office505,000 SF
Sold 11/07/2025
SOLD
CBRE Represents Seller In $17.5M Sale Of One And Two Easton Oval Office Buildings
1 Easton Oval & 2 Easton Oval
See Similar DealsOffice505,000 SF
Sold 11/07/2025
+ 1
Summary
OHIO
Asset Type:Office
Price Per Square Foot:$34
Total Square Footage:505,000 SF
Transaction Type:Sale
Two Class A office buildings located at 1 & 2 Easton Oval in Columbus, OH were sold for a total price of $17,500,000. The properties offer a combined square footage of 252,500 and were transacted at a price per square foot of $69.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $17,500,000
- Square Footage: 252,500
- Address: 1 & 2 Easton Oval
- Market: Columbus, OH
- Price per Square Foot: $69
CBRE arranged the sale and represented the seller through brokers Steve Timmel, Will Roberts, Collin Wheeler, and Aaron Duncan. Additionally, Wheeler and Duncan managed the leasing for the portfolio, which has a 60% occupancy rate.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
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