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60,000 SF Single Tenant Office Building For Sale
100% Occupied - 8.5% Cap Rate (Columbus, OH MSA)
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Investment Highlights
- 8.5% Cap Rate, leased to Affinion Group
- Net Lease with 2% Annual Increases, all operating expenses passed through to tenant
- Long Term Tenant - 15+ Years in Building
- High Parking Density - 11.5/1,000 SF
- Located in the heart of Westerville, excellent amenities and interstate access
- Vacancy rates in Westerville are 8%, a 15-year low
- Tenant currently undergoing major interior renovation to house more employees.
- In 2016, Affinion Group was cited by Forbes as the 321st largest private company
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Continental Realty, Ltd. is pleased to present 300 W. Schrock Road for sale. This 60,000 SF office building - call center is located in the heart of Westerville, a high density, affluent suburb and one of the most rapidly growing suburban communities in Central Ohio. The tenant recently exercised their option and has annual rent increases. They are currently undergoing major interior renovation to accommodate growth in their employee base. Affinion has been a tenant in the building for 15 years. Affinion easily has one of the highest available parking densities of any building in the Columbus MSA, making this building an attractive long-term asset for call centers and other uses with heavy parking intensive uses.
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