600 Lakeview Plaza Blvd - Office FOR SALE


Worthington, OH 43085
$5,950,000 USD
614-365-9000
600 Lakeview Plaza Blvd, Worthington, OH for Sale
$5,950,000 USD
Office - FOR SALE
1/18
null | 7% Cap Rate

600 Lakeview Plaza Blvd
Worthington, OH 43085


HIGHLIGHTS

  • Diesel back up generator serving Suite F/G.
  • Partially climate-controlled warehouse space.
  • Sprinklered throughout.
  • Situated within Worthington’s Tech District and zoned Limited Industrial.
  • Heavy parking ratio of 4/1000 - 220 surface parking spaces.
  • Recently updated HVAC units.

OVERVIEW

Lakeview Tech Center presents an opportunity to acquire a stabilized investment property with upside and a diversified and complementary tenant roster including Eaton Corporation plc, Holaday-Parks Inc., Beacon Specialized Living, and Elevator Services Inc. dba Moseley Elevator. The tenancy is anchored by Eaton, an investment-grade, global leader in power management, and complemented by a strong mix of regional operators across precision manufacturing, healthcare services, and essential building infrastructure. The tenant base consists of service-driven businesses with stable demand supported by long-term trends like electrification and infrastructure maintenance. Many tenants have recurring revenue streams or specialized operations that support consistent occupancy, and some benefit from private equity backing, enhancing financial stability and growth. In addition to the in-place income, the property offers a value-add component through existing vacancy and below-market rents, providing investors with the opportunity to increase cash flow and overall returns through lease-up and mark-to-market adjustments. This upside, combined with a diversified and stable tenant base, positions the asset to deliver both secure current income and future growth potential.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Contemporary loft office, 2 story lobby

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

5.88 AC

LAND SF

256,133 SF

ZONING

I-1

APN/PARCEL ID

100-005938

ASK ABOUT THIS PROPERTY

Bradford KitchenAlterra Real Estate AdvisorsMore Info
614-365-9000

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Bradford KitchenAlterra Real Estate AdvisorsMore Info
614-365-9000

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