27 Mar The Pulse CBUS: Commercial real estate sales from last week

A weekly update on the commercial real estate landscape of Columbus.

Commercial Sales Recorded Last Week

1417 Rail Southern Ct

Type: Industrial
Price: $51,830,000 ($88 / SF)
Buyer: COLUMBUS RICKENBACKER INDUSTRIAL LLC
Elifin’s Notes: Industrial Warehouse property sells near the Rickenbacker Airport

5775 N Meadows Dr

Type: Office
Price: $10,200,000 ($280 / SF)
Buyer: CHF II GROVE CITY MOB LLC
Elifin’s Notes: Medical Office building sold in the Grove City area

55 Hutchinson Ave

Type: Hospitality
Price: $6,000,000 ($71,429 / Unit)
Buyer: 55 LOTUS HOSPITALITY LLC
Elifin’s Notes: Hospitality company purchases the 84-unit Holiday Inn Express & Suites Columbus – Worthington in the Hazel Park area

6266 Gender Rd

Type: Retail
Price: $5,407,408 ($365 / SF)
Buyer: NS RETAIL HOLDINGS LLC
Elifin’s Notes: Dallas-based company, NETSTREIT, purchases the Walgreens property in Canal Winchester

1605 Thrailkill Rd

Type: Industrial
Price: $3,675,945 ($143 / SF)
Buyer: DEVILLE APARTMENTS AND BUILDERS INC
Elifin’s Notes: Canton-based company purchases a Truck Terminal in the Jackson Pike area

2055 Brice Rd

Type: Hospitality
Price: $3,000,000 ($27,273 / Unit)
Buyer: COLUMBIA MOTELS INC
Elifin’s Notes: California-based hospitality company acquires a 110-unit motel in the Walnut Hills area of Reynoldsburg

228 Park Rd

Type: Retail
Price: $950,000 ($235 / SF)
Buyer: TI EQUITY LLC & RABER RAY
Elifin’s Notes: Auto Repair location sells in the Village at Worthington area

3201-3203 Sullivant Ave

Type: Retail
Price: $600,000 ($154 / SF)
Buyer: HEJAZIN BROTHERS INVESTMENT COMPANY
Elifin’s Notes: Westerville-based investors purchase a former grocery retail location in the Hilltop area of Columbus

4658-4660 Kenny Rd

Type: Retail
Price: $550,000 ($92 / SF)
Buyer: 4658 KENNY RD LLC
Elifin’s Notes: Local purchaser acquires a two-unit retail property in the Olentangy Pike area

0 Hamilton Square Blvd

Type: Land
Price: $495,000 ($3.79 / Land SF)
Buyer: GROVEPORT HAMILTON SQUARE LLC
Elifin’s Notes: Nashville-based real estate developer acquires 3 acres of vacant commercial land in the Groveport area

340 Derrer Rd

Type: Office
Price: $380,000 ($85 / SF)
Buyer: COLUMBUS CENTER FOR HUMAN SERVICES INC
Elifin’s Notes: The Columbus Center for Human Services purchases a residence turned office property in the Westgate Park area

4343 E Livingston Ave

Type: Mixed-Use
Price: $132,500 ($71 / SF)
Buyer: REYNOLDSBURG CHRISTIAN ASSEMBLY
Elifin’s Notes: Reynoldsburg Christian Assembly purchases a two-story mixed-use property with configurations for spa/hair salon, office, retail and church facilities in the Leawood Gardens-Walnut Ridge area

Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $100,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.