For Sale: Great Stabilized Investment Opportunity

Executive_HouseExecutive House Professional Center – 6797-6827 N. High Street, Worthington, Ohio

CBRE has been retained as the exclusive advisor for the sale of 6797-6827 N. High Street located in Worthington, Ohio. The property consist of a 71,282 square foot three story multi-tenant class B office building and a 17,905 square foot, two story multi-tenant class B office building with a lower floor. The Properties are located on 6.245 acres just north of downtown Worthington in northern Franklin County with easy access to the I-270 (Columbus’ outerbelt), I-71 and SR 315 are approximately 10 miles north of the Columbus CBD. The property is currently 95.9% occupied. Great Stabilized Investment Opportunity.

Investment Highlights

  • Stability of Cash Flow – The property was constructed in 1973 and has a great assortment of tenants on with a mixture of lease expirations, considerable tenant specific and difficult to replicate build out.
  • In-Place Net Operating Income – The current tenant roster provides Net Operating Income of $417,060.
  • Highly Financeable – The property with high occupancy, stable cash flow, and strong location attributes will be highly attractive to lenders that are very active in secondary markets today.
  • Strong Location Attributes – Executive House Professional Center is located in Worthington, a northern suburb of Columbus, at the epicenter of a highly qualified Columbus workforce including the upscale neighborhoods of Westerville, Powell, Dublin, Worthington, and New Albany, which are all within a 15 minute drive time.
  • For additional information regarding Executive House Professional Center, please visit our website: www.cbremarketplace.com/ExecutiveHouse

Investment Fact Sheet

  • Name: Executive House Professional Center
  • City/State: Worthington, Ohio
  • Type: Office
  • SF: 89,187
  • Price: $4,500,000
  • Cap Rate: 9.27%

Contact Information

  • Shad Phipps, CCIM

Senior Associate

Telephone: 1-614-430-5015

Email Address: shad.phipps@cbre.com

 

  • Scott Behrmann

Senior Associate

Telephone: 1-614-430-5087

Email Address: scott.behrmann@cbre.com

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