office/warehouse building for sale
TRANSCRIPT
OFFICE/WAREHOUSEBUILDING FOR SALE
Patrick Miller [email protected] Tucker [email protected]
10 N. High St. Suite 401 Columbus, Ohio 43215,
614-221-4286 wwww.rweiler.com
79,210 +/- SF Building on 8.99 +/- Acres7,129 +/- SF Office & 72,081 +/- SF Warehouse
6767 Huntley RdWorthington, Ohio 43229
Property Description OFFICE/WAREHOUSE BUILDING IN WORTHINGTON FOR SALE!
79,210 +/- SF warehouse building on 8.988 +/- ac available for sale. Building contains 7,129 +/- SF office & 72,081 +/- SF warehouse space. Situated within the SW corridor of I-270 and
I-71 with easy access to major arteries just west of the Anheuser-Busch Campus. Great Worthington location which is one of the region’s fastest growing metro-areas with easy
land, air and rail access to the majority of US and Canadian markets. Surrounded by industrial businesses. Zoned I-1 Restricted Industrial: Research and Offices.
Address: 6767 Huntley Road Worthington, OH 43229County: FranklinPID: 100-003930-00Location: SW corridor of I-270 & I-71 between Worthington Galena Rd & Schrock RdOffice Space: 7,129 +/- SFWarehouse Space: 72,081 +/- SFTotal Building Size: 79,210 +/- SFYear Built: 1968Acreage: 8.988 +/- acresSale Price: $4,350,000Price/SF: $54.92Parking: 60 free surface spacesZoning: I-1 Restricted Industrial: Research and Offices2017 Annual Tax: $36,660.36 Features:• 5 Dock doors• 2 Drive-In doors (10’w x 12’h)• Ceiling Height 14’-18’• Building Height 32’
TENANT INFOMR MOVER occupies 8,325 SF of warehouse and office until 2/28/2020.• 2018 rate: $51,192/year
or $6.15/SF ($4,266/month)• 2019 rate: $53,244/year
or $6.40/SF ($4,437/month)• Operating expenses: $6,600/year
or $0.79/SF ($550/month)
Aerial MapN
High
St
Site Here
Worthington Galena Rd
Schrock Rd
E. Dublin Granville Rd
Hunt
ley
Rd
Great Location!Easy access to major arteries
25 minutes to Downtown & Columbus Airport Surrounded by industrial businesses
Zoning Map
Click here to see zoning text
1123.42 INDUSTRIAL. (See also Section 1141.05) (a) “I-1 Restricted Industrial” means the fabrication or processing of goods or the fitting together of component parts. Restricted industrial uses shall in no case generate dust, noise, smoke, vapors, odor,
vibration, cinders, refuse matter or waste or hazardous materials so as to be offensive to nearby residents or the general public, nor generating extensive transport of heavy materials or products. Restricted
industrial uses shall include such uses as light manufacturing and assembly, automotive services, animal hospitals, equipment sales and storage, laboratories and clinics, offices and other uses which are
determined by the Municipal Planning Commission to be of the same character.
Site Here
WO
RTHINGTO
N CO
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UNITY PROFILE
DemographicsPopulation: 23,215 Median Age: 40.8 Per Capita Income: $39,428 Households: 9,700 Avg. Household Size: 2.36 Median Household Income: $77,485 Median Family Income: $156,932 Median Housing Unit Value: $172,520 Educational Attainment (2000 Census – Population 18 and over) BA Degree 32.3% Graduate Degree 23.1%
LocationNine miles north of downtown Columbus
Nearly six miles of total area
Worthington School community’s 20 square miles
Close-knit community with easy access to all the venues, attributes, culture, education and offerings of a major metropolitan city
Business ProfileApproximately 1,200 small, regional, national and international companies call the City of Worthington home.
There are six commerce centers including:
North High StreetCentral Business DistrictSouth High StreetEast Wilson Bridge RoadWest Wilson Bridge RoadHuntley Road Area
Upscale shopping mall - Worthington Square
Business IncentivesVenture Grant ProgramCommunity Reinvestment AreasBusniess Developement GrantsLow Cost LoansLower Operating Costs
Top 10 Employers 1. Worthington School District 2. Worthington Industries 3. Liebert Corporation 4. Anheuser Busch 5. Anthem Blue Cross and Blue Shield 6. Sandvik Tooling/Diamond Innovations 7. The Laurels of Worthington & Norworth 8. Medvet Medical Center 9. American Health Holding 10. AAA Ohio Auto Club
Quality of Life• Worthington is within a one-hour flight
or one-day truck drive of more than half of the U.S. population and 50 per-cent of Canada’s population;
• There are 81 million consumers within 400 miles of Worthington, and 172 mil-lion consumers are within 800 miles;
• Nearly 100,000 cars travel through Worthington each day;
• The city is located near the crossroads of north-south and east-west interstate highways – I-70 and I-71;
• Worthington ’s I-270 and State Route 315 interchanges link your business to the metropolitan Columbus market, one of the region’s fastest growing market areas.
• Worthington is served by three airports including:
Port Columbus International Airport Rickenbacker International Airport The Ohio State University Airport at Don Scott Field
Top 5 Ways Worthington is Good for Business
1. Strategic location in the heart of one of the region’s fastest growing metro-areas with easy land, air and rail access to the majority of US and Canadian markets;
2. Comprehensive city services, new business development programs, financial incentives and capital re-sources to help businesses grow;
3. Expedited processes to make busi-ness creation, relocation and expan-sion fast and easy;
4. Virtual and physical connections to clients, customers, employees, suppli-ers and new markets;
5. A tradition of success and a future of opportunities in a proven, strong and diverse local economy.
City Highlights
11FACTBOOK
franklin county
EMPLOYMENT BY INDUSTRY
DEMOGRAPHICS
1,264,597RESIDENTS
33.8MEDIAN AGE
480,946HOUSEHOLDS
$52,341MEDIAN HOUSEHOLD INCOME
FRANKLIN COUNTY EMPLOYMENT BY INDUSTRY
Construction and Mining
3% 5%4%
9%
6%
8%
20%
16%
10%
3%
16%Manufacturing
Wholesale Trade
Retail Trade
Transportation and Utilities
Financial Activities
Professional and Business Services
Education and Health
Leisure and Hospitality
Other Services
Government
WORKFORCE
4.1% UNEMPLOYMENT RATEFRANKLIN COUNTY
helor US
0 10 20 30 40 50
BacBachelorAssociate USAssociate
% 25+ WITH ASSOCIATE DEGREE
OR HIGHER
% 25+ WITH BACHELOR’S DEGREE
OR HIGHER
Franklin County
U.S.Average
30.6%
38.8%
44.3%
37.6%
Source: U.S. Census Bureau, 2016 Population Estimates; U.S. Census Bureau, American Community Survey 2015; EMSI, 2017; Bureau of Labor Statistics, LAUS, seasonally adjusted by Columbus 2020 (2016 average)
COMPANY FTE OPERATIONSNationwide 13,400 HQ, software development, analytics, data center
Cardinal Health, Inc. 5,058HQ, distribution of pharmaceuticals and medical devices, radiopharmaceutical production
JPMorgan Chase & Co. 4,700 Major back office, software development, card manufacturing, data center
American Electric Power Company, Inc. 3,627 Utilities HQ, R&D, smart grid technology, transmissions, data center
Alliance Data Systems Corporation 3,057 Card services unit HQ, transactions processing, data center
Defense Supply Center Columbus 3,000 HQ of the Land and Maritime Supply Chain, distributin of supplies
Express Scripts 2,441 Pharmaceuticals distribution, customer service
Verizon Communications Inc. 2,406 Telecommunications back office, customer service, switching operations, data center
Gap, Inc. 2,200 Distribution and fulfillment of apparel, customer service
Abercrombie & Fitch Co. 2,200 HQ, distribution and fulfillment of apparel, software development
LARGEST PRIVATE SECTOR EMPLOYERS
County Highlights
Marion County
KnoxCounty
Logan County
CLEVELAND
DETROIT
INDIANAPOLIS
CHICAGO
LOUISVILLE
PITTSBURGH
CINCINNATI
ATLANTA
ST. LOUIS
80
75
9080
90
64
70
80
71
COLUMBUS 70
77
77
64
75
65
40
250 miles 400 km
500 miles 800 km
RICHMOND
TORONTO
MATT McCOLLISTERVice President, Economic Development150 South Front ST, Suite 200Columbus, OH 43215
Phone: (614)225.6953Email: [email protected]
COLUMBUS ECONOMIC MARKET
D
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B C
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FORTUNE 1000 HEADQUARTERS
A – Scotts Miracle-Gro Co.B – PacerC – Cardinal HealthD – Worthington IndustriesE – Mettler-Toledo International, Inc.F – Big LotsG – Huntington BancsharesH – Hexion Specialty Chemicals/Momentive Performance Materials
I – Bob Evans Farms J – Retail Ventures Inc.K – American Electric PowerL – NationwideM – Limited BrandsN – Abercrombie & FitchO – Greif
City Highlights
This confidential Offering memorandum has been prepared by The Robert Weiler Company for use by a limited number of parties whose sole purpose is to evaluate the possible purchase of the subject property. This Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.
The information contained in the Memorandum has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no guar-antee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used, are for example only, and do not represent the current or future performance of the property. The value of this transaction to you depends on taxes and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, inde-pendent investigation of the property for your needs. All potential buyers must take appropri-ate measures to verify all of the information set forth herein. Both The Robert Weiler company and the Owner disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. The contained informa-tion is subject to change at any time and without notice. The recipient of the Memorandum shall not look to the Owner or The Robert Weiler Company for the accuracy of completeness of the Memorandum.
A prospective purchaser must make its own independent investigations, projections, and con-clusions regarding the acquisition of the property without reliance on this Memorandum or any other Confidential information, written or verbal, from the Broker or the Seller. The Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the property or to terminate any negotiations with any party, at any time, with or without written notice. Only a fully-executed Real Estate Purchase Agreement , approved by Seller, shall bind the prop-erty. Each prospective purchaser and /or broker proceeds at its own risk.
Offering Memorandum