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The Office City Collection

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Location / Contact

4590 E. Broad St.
Columbus, OH

For more information, contact:
Stephanie May Beaumier
CASTO
614.744.3404

General Info

Status AVAILABLE
Property Type Value-Add Opportunities
Price $10,153,458
Cap Rate 7.75%
Land Area 17.200 acres

Key Demographics

3-Mile
Radius
5-Mile
Radius
Population 89,211 249,671
Daytime Population 72,428 202,212
Median Age 37 Yrs. 36 Yrs.
Households 38,417 104,047
Avg. Household Income $55,910 $58,912
# of Businesses 4,037 9,656
# of Employees 45,488 128,239

Description

Mixed Use Investment
Office City is a collection of single tenant retail and office mix offering investors the financial stability of an investment grade office tenant combined with income growth
through the retail leases. The 3 buildings are in the process of being separately parceled allowing the investor future flexibility to monetize selected portions of the property.

Investment Grade Credit
Over 62% of this mixed use project’s revenue is generated by Alliance Data Systems, an investment grade tenant. Alliance Data Systems is an S&P 500 company and
reported $5.3 billion in revenue in 2014.

Excellent Accessibility
The property is located just 12 minutes from downtown Columbus, 7 minutes from Port Columbus International Airport and 3 minutes from I-270, the beltway that serves the
Columbus MSA.

Established Tenants with Long Historical Tenancy
Applebee’s has occupied the Office City Collection for 23 years, and Alliance Data Systems for nearly 20 years.

High Traffic Counts with excellent frontage on Broad Street
The property boasts prime frontage on East Broad Street, one of the main commercial thoroughfares in the Columbus market.

Densely Populated Location

  • Estimated Population – 249,671
  • Estimated Households – 104,047
  • Average Household Income - $58,912
  • Adj. Daytime Demographics – 202,212
  • Number of Employees – 128,239

Traffic Counts

  • East Broad St. - 24,840
  • James Rd. - 28,032
  • Hamilton Rd. - 20,447