3999 Parkway Ln - Warehouse FOR SALE
Hilliard, OH 43026 |
270-535-2265
3999 Parkway Ln
Hilliard, OH 43026
HIGHLIGHTS
- STRONG RENTAL UPSIDE – Existing rents 24% below market, translating to 31% in upside. This provides an opportunity to boost NOI and convert leases
- SMALL, SHALLOW BAY SUITES – The property consists of fourteen ±1,250 SF suites- minimizing vacancy risk
- FUNCTIONAL CONSTRUCTION – The warehouse boasts 16’ clear, 3 phase power, and favorable office to warehouse ratio: ±25%.
- WEIGHTED AVERAGE LEASE TERM – Short weighted average lease term allows investors to quickly tap into rental upside
- LOW VACANCY RATE – There is a 3.3% vacancy rate across all industrial product (6.3M square feet) in the Hilliard market.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
UTILITIES
-
CLEAR CEILING HT
16.5 Ft
DOCKS
-
DRIVE INS
12
PARKING SPACES
20
LAND DETAILS
LAND ACRES
1.3
LAND SF
56,628
ZONING
B4
APN/PARCEL ID
050-002976
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270-535-2265
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270-535-2265
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