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Corporate Exchange Portfolio 2 Office Properties Offered at $18,663,451 CAD in Columbus, OH
INVESTMENT HIGHLIGHTS
- A $2B rebuild of John Glenn Columbus International Airport is underway, with construction commencing in early 2025 and expected completion by 2029
- Anduril Industries is investing nearly $1B to build a 5-million-sq-ft advanced defense manufacturing plant near Rickenbacker (Pickaway County)
- Value-Add Upside Potential | Leasing flexibility offers opportunity to increase occupancy and income
- OSU is launching a 25,000 sq ft battery cell R&D facility within its innovation district, set to open in April 2025, with $22M in commitments
- High-end interior finishes throughout both buildings
- Positioned within the Columbus MSA in the thriving Westerville submarket
EXECUTIVE SUMMARY
TWO-BUILDING CLASS A OFFICE PORTFOLIO
Total of ±195,303 SF
- Positioned within the Columbus MSA in the thriving Westerville submarket
- High-end interior finishes throughout both buildings
- Excellent accessibility from I-270 and I-71
- Buildings are 85.10% leased
- Weighted Average Lease Term for Corporate Exchange I is 2.88 years
- Weighted Average Lease Term for Corporate Exchange II is 6.09 years
Value-Add & Upside Potential
- Leasing flexibility offers opportunity to increase occupancy and income
- Ideal for both stable cash flow investors and value-add buyers
- Well-positioned to capture future demand driven by regional growth
- Consistent tenant activity with ongoing leasing momentum
Market & Location Highlights
- Situated in Columbus, OH with strong economic fundamentals
- Surrounded by amenities: restaurants, hotels, shopping centers, residential communities, and industrial/logistics hubs
Intel’s $28 Billion Semiconductor Facility (“Ohio One”) under development in nearby New Albany
Major Economic Driver Nearby
- 1,000-acre mega site just east of the property
- Expected to create 3,000 permanent jobs with $135K average salaries
- Full buildout could reach $100 Billion in investment over the next decade
- Boosting regional job growth, wage growth, and population migration
Total of ±195,303 SF
- Positioned within the Columbus MSA in the thriving Westerville submarket
- High-end interior finishes throughout both buildings
- Excellent accessibility from I-270 and I-71
- Buildings are 85.10% leased
- Weighted Average Lease Term for Corporate Exchange I is 2.88 years
- Weighted Average Lease Term for Corporate Exchange II is 6.09 years
Value-Add & Upside Potential
- Leasing flexibility offers opportunity to increase occupancy and income
- Ideal for both stable cash flow investors and value-add buyers
- Well-positioned to capture future demand driven by regional growth
- Consistent tenant activity with ongoing leasing momentum
Market & Location Highlights
- Situated in Columbus, OH with strong economic fundamentals
- Surrounded by amenities: restaurants, hotels, shopping centers, residential communities, and industrial/logistics hubs
Intel’s $28 Billion Semiconductor Facility (“Ohio One”) under development in nearby New Albany
Major Economic Driver Nearby
- 1,000-acre mega site just east of the property
- Expected to create 3,000 permanent jobs with $135K average salaries
- Full buildout could reach $100 Billion in investment over the next decade
- Boosting regional job growth, wage growth, and population migration
PROPERTY FACTS
| Price | $18,663,451 CAD | Number of Properties | 2 |
| Price / SF | $96.61 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9.80% | Total Building Size | 193,193 SF |
| Sale Type | Investment | Total Land Area | 10.92 AC |
| Status | Active |
| Price | $18,663,451 CAD |
| Price / SF | $96.61 CAD / SF |
| Cap Rate | 9.80% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 193,193 SF |
| Total Land Area | 10.92 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Corporate Exchange 1
2550 Corporate Exchange Dr, Columbus, OH 43231 |
Office | 103,683 SF | 1983 | - |
|
Corporate Exchange II
2600 Corporate Exchange Dr, Columbus, OH 43231 |
Office | 89,510 SF | 1984 | - |
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CONTACTS
-
Joseph DiSalvo -
Samuel Curtis -
Forest Bender -
Zachary Rogers -
Marcus & Millichap
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Corporate Exchange Portfolio
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