for sale - loopnet€¦ · dave mckee +1 614 460 4401 [email protected] ... crown castle fiber...

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Asking price of $11,750,000 Class A office building with “front door” exposure to Easton 5 story, 87,000 s.f. building 20 underground garage parking spaces along with 286 surface spaces. The attached parking study identifies how the parking field can be expanded to 395 spaces for a ratio of 4.55/1,000 The property is situated at the northern end of the Easton Oval Park, with direct access to walking/jogging trails and park bench seating Five minute walk to Easton Town Center, the region’s premier shopping, dining and entertainment destination Five minute drive to John Glenn International Airport 3 Easton Oval Columbus OH Paul Tingley +1 614 460 4400 [email protected] Dave McKee +1 614 460 4401 [email protected] For Sa The Gateway to Easton

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Page 1: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

– Asking price of $11,750,000

– Class A office building with “front door” exposure to Easton

– 5 story, 87,000 s.f. building

– 20 underground garage parking spaces along with 286 surface spaces. The attached parking study identifies how the parking field can be expanded to 395 spaces for a ratio of 4.55/1,000

– The property is situated at the northern end of the Easton Oval Park, with direct access to walking/jogging trails and park bench seating

– Five minute walk to Easton Town Center, the region’s premier shopping, dining and entertainment destination

– Five minute drive to John Glenn International Airport

3 Easton Oval Columbus OH

Paul Tingley +1 614 460 [email protected]

Dave McKee +1 614 460 4401 [email protected]

For SaleThe Gateway to Easton

Page 2: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

Easton Way

– Built in 1995

– Well appointed, Class A, 5 story office building on 5.59 acres

– The property is situated on one of “The Oval’s” most highly visible parcels to I-270/Easton Way

– 306 parking spaces available, with 20 underground garage spaces

– Prominent building top signage available

– Zoning - Commercial (CPD)

Property Description

3 Easton Oval

270

Page 3: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

Building Overview – Steel frame construction, cast in place concrete. Exterior consists of brick veneer

– The building is fully sprinklered, and has smoke detectors and fire extinguishers throughout, together with a fire alarm system

– The main electrical distribution panel is rated as a 2,500 amp, three-phase, four wire 277/480-Volt main feeding the meter banks in the main electrical room

– Electrical service supplied by AEP. Natural gas supplied by IGS energy. Water/sewer supplied by the City of Columbus

– HVAC cooling is handled by a chilled water system and heat is provided through two gas-fired Bryan Boilers

– A Presido security system serviced by the software Milestone is installed and exterior video cameras cover the property surrounding the building

– Two, Dover elevators are located in the building’s central core

– Fiber providers in the building include: CenturyLink, AT&T, Crown Castle Fiber and Spectrum

– All fiber providers have fiber entering through underground pipes that lead from a manhole on the inside of the Easton Oval loop to the telecom room in the basement, and from there, it extends to each floor of the building

Page 4: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

Parking Study

Parking countsArea Total (Net) Per 1,000 s.f.

Existing 284 3.28Lower Lot 45 0.52Upper Lot 42 0.48

Existing Lot Upgrades 24 0.27Net Proposed 395 4.55

Page 5: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

Easton - Past and Present

– In the early 1990’s, L Brands CEO, Les Wexner partnered with a New York-based developer, The Georgetown Company, to create one of the most dynamic and successful mixed-use developments in the country. With more than 30 million visitors each year, Easton’s business community provides more than $750 million in annual sales to the economy. Easton currently offers over 590 hotel rooms, 750 residential units, recreational amenities for indoor hockey, lacrosse, swimming, basketball and parks for children. The project also is home to 340 retailers housed in over 4 million square feet of the most diverse retail space in Central Ohio.

– Together with government agencies, the team invested $250 million to upgrade regional vehicular infrastructure making Easton the most accessible destination in Central Ohio. I-270 increased from 6 lanes to 12 to ensure ready access to the property. They created an exclusive interchange to Easton and redesigned the existing ramp at Morse Road. Additional improvements were funded by the City to execute the master-planned design, heighten accessibility, and support the creation of a memorable destination for residents and visitors alike.

– Easton has been recognized by several national and international professional organizations, including the 2005 NAIOP award for Best Office Park Development, 2016 ICSC runner up for Design and Development - New Developments, and the 2000 ICSC award for Innovative Shopping Center Design and Construction. With 20 years of land acquisition, infrastructure enhancements, and over $1.9 billion in private and public investment, Easton came to life.

– For more information about Easton, please visit www.eastontowncenter.com

Page 6: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

Greater Columbus

Columbus is the capital and largest city in the state of Ohio and the 14th largest city in the United States. Through its open-minded approach to life, business and ideas, the Columbus region has cultivated an environment of unique communities, companies, institutions and entertainment. Considered one of the fastest growing metropolitan areas in the country and celebrated for its job creation, Columbus has a strong and diverse economy based in education, government, insurance, banking, defense, aviation, logistics, healthcare, retail and technology. A newly minted tech city, Columbus area research and technology institutions are attracting the brightest minds from around the world. In addition, it’s workforce is fueled by a younger, more educated population bringing intelligence, energy and overall vibrancy to Columbus’ progressive economy.

Fast Facts• The overall cost of living in the

Columbus Region is lower than the national average and lower than the state of Ohio

• Housing is competitively priced and costs for healthcare, trans-portation and utilities are near the national average

• The Columbus Region is home to 56 college and university campuses with a total enrollment of more than 136,000 college and graduate students, and it boasts more than 22,000 annual graduates

• The Ohio State University, one of the largest in the country, has more than 57,000 students at its main campus in Columbus

• Residents enjoy a vibrant arts scene and diverse array of entertainment, sports, dining, nightlife and shopping

• Independent ratings have cited Columbus for having the nation’s #1 zoo (The Columbus Zoo & Aquarium), the #1 science center (COSI) and even the #1 ice cream (Jeni’s Splendid Ice Creams)

Page 7: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

Lower level

± 7,545 RSF

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Page 8: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

First Floor

± 14,633 RSF

Page 9: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

Second Floor

± 16,029 RSF

Page 10: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

Third Floor

± 16,267 RSF

Page 11: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

Fourth Floor

± 16,210 RSF

Page 12: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

Fifth Floor

± 15,840 RSF

Page 13: For Sale - LoopNet€¦ · Dave McKee +1 614 460 4401 dave.mckee@am.jll.com ... Crown Castle Fiber and Spectrum – All fiber providers have fiber entering through underground pipes

M/I Homes and JLL are not making any representation or warranty, express or implied, as to the accuracy or completeness of this material, and M/I Homes, JLL and there respective officers, directors, employees, stockholders, owners, advisors, agents and affiliates expressly disclaims any and all liability to you or any other person that may be based upon or relate to (a) the use of this material or (b) any errors or omissions therein. Only those particular representations and warranties, if any, that are made in a detailed, definitive agreement in customary form with respect to a transaction (the “Definitive Agreement”) when, as, and if it is executed, and subject to such limitations and restrictions as may be specified in such Definitive Agreement, will have any legal effect.

3 Easton Oval

John GlennColumbus

Airport