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Contemporary loft office, 2 story lobby 600 Lakeview Plaza Blvd 50,418 SF 80% Leased Office Building Worthington, OH 43085 $8,133,293 CAD ($161.32 CAD/SF) 7% Cap Rate
Investment Highlights
- Diesel back up generator serving Suite F/G.
- Sprinklered throughout.
- Heavy parking ratio of 4/1000 - 220 surface parking spaces.
- Partially climate-controlled warehouse space.
- Situated within Worthington’s Tech District and zoned Limited Industrial.
- Recently updated HVAC units.
Executive Summary
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.
Property Facts
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Manufacturing
- -
- -
- Triple Net
- Aug 2008
Guardian Industries est une société mondiale privée diversifiée dont le siège social est situé à Auburn Hills, au Michigan. Guardian et sa famille d'entreprises emploient 18 000 personnes et exploitent des installations en Amérique du Nord, en Europe, en Amérique du Sud, en Afrique, au Moyen-Orient et en Asie, avec la vision de créer de la valeur pour les clients et la société grâce à une innovation constante en utilisant moins de ressources. Guardian Glass est l'un des principaux fabricants internationaux de produits et de solutions en verre flotté, à valeur ajoutée et fabriqué pour les applications architecturales, résidentielles, intérieures, de transport et techniques de verre. SRG Global est l'un des plus grands fabricants mondiaux de revêtements de haute valeur sur plastique avancés destinés aux industries de l'automobile, des camions commerciaux et des biens de consommation, offrant des solutions pour une plus grande durabilité de surface, intégrité structurelle, fonctionnalité, efficacité des véhicules et flexibilité de conception.
- Med Speed
- -
- -
- -
- Triple Net
- Feb 2019
- Supreme Air
- Construction
- -
- -
- -
- -
-
- Services
- -
- -
- -
- -
Fondée en 1979, The Maids est une entreprise de nettoyage résidentiel chef de file aux États-Unis et au Canada. The Maids est un chef de file en matière de qualité parmi les nombreuses entreprises de nettoyage de l'industrie, avec plus de 180 franchises desservant plus de 90 grandes villes américaines et canadiennes. Les bureaux de Maids se trouvent dans plus de 40 États américains et dans trois provinces canadiennes.
- Worthington City Schools
- Educational Services
- -
- -
- Single Net
- Jun 2024
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Manufacturing | - | - | Triple Net | Aug 2008 | |
| Med Speed | - | - | - | Triple Net | Feb 2019 | |
| Supreme Air | Construction | - | - | - | - | |
|
|
Services | - | - | - | - | |
| Worthington City Schools | Educational Services | - | - | Single Net | Jun 2024 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Office/Warehouse and Office property in Lakeview Tech Center Visible from I-270 with building signage Convenient access to I-270, I-71 and SR 23 Heavy parking ratio, well-lit Sprinklered Backup generator Docks and Drive-in Doors Professionally managed and well maintained 13.5' clear height and 15' to the deck
Office/Warehouse and Office property in Lakeview Tech Center Visible from I-270 with building signage Convenient access to I-270, I-71 and SR 23 Heavy parking ratio, well-lit Sprinklered Backup generator Docks and Drive-in Doors Professionally managed and well maintained 13.5' clear height and 15' to the deck
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - Suite D | 5,210 SF | Flex | Partial Build-Out | Now |
| 2nd Fl-Ste Suite C | 4,878 SF | Office | Partial Build-Out | Now |
1st Fl - Suite D
| Size |
| 5,210 SF |
| Space Use |
| Flex |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste Suite C
| Size |
| 4,878 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Fl - Suite D
| Size | 5,210 SF |
| Space Use | Flex |
| Build-Out | Partial Build-Out |
| Available | Now |
Office/Warehouse and Office property in Lakeview Tech Center Visible from I-270 with building signage Convenient access to I-270, I-71 and SR 23 Heavy parking ratio, well-lit Sprinklered Backup generator Docks and Drive-in Doors Professionally managed and well maintained 13.5' clear height and 15' to the deck
2nd Fl-Ste Suite C
| Size | 4,878 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Office/Warehouse and Office property in Lakeview Tech Center Visible from I-270 with building signage Convenient access to I-270, I-71 and SR 23 Heavy parking ratio, well-lit Sprinklered Backup generator Docks and Drive-in Doors Professionally managed and well maintained 13.5' clear height and 15' to the deck
Property Taxes
| Parcel Number | 100-005938 | Improvements Assessment | $1,327,078 CAD |
| Land Assessment | $358,101 CAD | Total Assessment | $1,685,179 CAD |
Property Taxes
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Contemporary loft office, 2 story lobby | 600 Lakeview Plaza Blvd
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