283 Cardinal Dr - Warehouse FOR SALE


Marengo, OH 43334
$63,714,600 USD
614-378-6204
283 Cardinal Dr, Marengo, OH for Sale
$63,714,600 USD
Warehouse - FOR SALE
1/25
null | Request Cap Rate

283 Cardinal Dr
Marengo, OH 43334


HIGHLIGHTS

  • Cross-dock configuration with 100 dock doors and 36' clear height
  • Power expandable to 6,000 amps with ESFR sprinkler system
  • Located 2 minutes from I-71 and 30 minutes to Columbus
  • 10-year, 50% real estate tax abatement in place
  • Expandable footprint up to 1.2M SF within master-planned park
  • Full LED lighting and concrete tilt-up construction

OVERVIEW

Positioned just two minutes from I-71 and 30 minutes north of Downtown Columbus, 71 North Commerce Center presents a rare opportunity to acquire a newly constructed, Class A industrial facility in a high-growth logistics corridor. This cross-dock capable warehouse spans 707,940 square feet and is expandable to over 1.2 million square feet, offering long-term scalability for distribution, manufacturing, or e-commerce operations. The property is engineered for efficiency and throughput, featuring 36-foot clear heights, 100 dock doors with view lights, two drive-in doors with concrete ramp, and a robust ESFR sprinkler system. Power infrastructure includes 400-amp, 277/480-volt, three-phase service expandable to 6,000 amps. A full LED lighting package and concrete tilt-up construction further enhance operational reliability. Outside, the site includes 302 car parking spaces and 103 trailer stalls, with future expansion capacity for up to 170 trailers. The 2,500-square-foot spec office space provides immediate administrative functionality. The property sits within a master-planned industrial park and benefits from a 10-year, 50% real estate tax abatement, significantly improving investment returns. Strategically located to reach half the U.S. population within a day’s drive, the site offers direct access to major metros including Chicago, New York, Philadelphia, and Charlotte. The surrounding labor market is deep and stable, with over 1.2 million workers within a 60-minute drive and a median household income exceeding $70,000. This is a rare chance to acquire a high-capacity, future-ready industrial asset in one of Ohio’s most connected logistics hubs.

FOR SALE DETAILS

PRICE

$63,714,600 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

71 North Commerce Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

36 Ft

DOCKS

100

DRIVE INS

2

PARKING SPACES

302

LAND DETAILS

LAND ACRES

50

LAND SF

2,178,000

ZONING

-

APN/PARCEL ID

A01-001-00-343-00

ASK ABOUT THIS PROPERTY

Dan WendorfJLLMore Info
614-378-6204

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Dan WendorfJLLMore Info
614-378-6204

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.