12 Aug The Pulse CBUS: Investment firm purchases medical offices for 85mm

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

Commercial Sales Recorded Last Week

5040 Forest Dr, Columbus, OH 43054

Type: Office
Price: $25,000,000 ($417.08 / SF)
Buyer: VPU NEW ALBANY II LLC
Elifin’s Notes: Värde Partners, a Minnesota-based global alternative investment firm, purchases this medical office as part of a larger $85MM purchase of five medical office properties in Franklin County.

7277 Smiths Mill Rd, Columbus, OH 43054

Type: Office
Price: $19,138,760 ($316.82 / SF)
Buyer: VPU NEW ALBANY I LLC
Elifin’s Notes: Värde Partners, a Minnesota-based global alternative investment firm, purchases this medical office as part of a larger $85MM purchase of five medical office properties in Franklin County.

3100 Plaza Properties Blvd, Columbus, OH 43219

Type: Office
Price: $18,395,259 ($168.93 / SF)
Buyer: VPU COLUMBUS I LLC
Elifin’s Notes: Värde Partners, a Minnesota-based global alternative investment firm, purchases this medical office as part of a larger $85MM purchase of five medical office properties in Franklin County.

3651 – 3731 Ridge Mill Dr, Columbus, OH 43026

Type: Office
Price: $17,622,443 ($179.24 / SF)
Buyer: VPU HILLIARD LLC
Elifin’s Notes: Värde Partners, a Minnesota-based global alternative investment firm, purchases this medical office as part of a larger $85MM purchase of five medical office properties in Franklin County.

955 Eastwind Dr, Columbus, OH 43081

Type: Office
Price: $7,000,000 ($175.73 / SF)
Buyer: VPU WESTERVILLE III LLC
Elifin’s Notes: Värde Partners, a Minnesota-based global alternative investment firm, purchases this medical office as part of a larger $85MM purchase of five medical office properties in Franklin County.

6200 East Broad St, Columbus, OH 43213

Type: Land
Price: $2,590,828 ($8.50 / Land SF)
Buyer: PAAR 108-BLACKLICK LLC
Elifin’s Notes: A 7 acre vacant tract of land sells near Taylor Station Road.

1929 Lone Eagle St, Columbus,, OH 43228

Type: Industrial
Price: $2,390,000 ($112.22 / SF)
Buyer: TENET EQUITY FUNDING SPE III LLC
Elifin’s Notes: An industrial truck terminal property with both warehouse and office space sells just North of the Bolton Field Airport.

5747 Cleveland Ave, Columbus, OH 43231

Type: Specialty
Price: $1,600,000 ($97.28 / SF)
Buyer: FUSION ED LLC
Elifin’s Notes: A school property sells along Cleveland Avenue near East Dublin Granville Road.

6480 E Main St, Columbus, OH 43068

Type: Office
Price: $1,026,000 ($142.50 / SF)
Buyer: NEW GENERATION HEALTH SERVICES LLC & MOTHERS INK HOLDINGS LLC
Elifin’s Notes: A multi-tenant office building sells within the Stonegate Business Center.

3019 Turnberry Ct, Grove City, OH 43123

Type: Land
Price: $1,000,000 ($15.83 / Land SF)
Buyer: MOO MOO EXPRESS CENTRAL OHIO LLC
Elifin’s Notes: Moo Mo Express Car Wash has acquired a 1.4+ acre parcel of vacant commercial land off of I-270.

4262 Cemetery Rd, Hilliard, OH 43026

Type: Land
Price: $775,000 ($12.10 / Land SF)
Buyer: MOTLEY 7 BREW LLC
Elifin’s Notes: 7Brew, a drive-thru coffee chain, purchases this 1.4+ acre tract of land on Cemetery Road.

66 E Lynn St, Columbus, OH 43215

Type: Office
Price: $700,000 ($136.03 / SF)
Buyer: KCRM, LLC
Elifin’s Notes: A Michigan-based lobbying firm purchases a two-story office building in Downtown Columbus.

3281 – 3283 W Broad St, Columbus, OH 43204

Type: Retail
Price: $239,000 ($97.87 / SF)
Buyer: T&M INVESTMENT LLC
Elifin’s Notes: A retail shop on West Broad Street sells near Westgate Park.

86 N Wilson Rd, Columbus, OH 43204

Type: Office
Price: $165,000 ($53.33 / SF)
Buyer: GUIDE PROPERTIES LLC
Elifin’s Notes: A medical office property sells near Wilson Road Park.

1746 Greenway Ave, Columbus, OH 43203

Type: Land
Price: $160,000 ($13.12 / Land SF)
Buyer: MOUND STREET 1169 LLC
Elifin’s Notes: Local developer purchases two parcels, one with a small residential improvement, adjoining his current industrial holdings in the area.

919 Weber Rd, Columbus, OH 43211

Type: Retail
Price: $150,000 ($124.58 / SF)
Buyer: LIAM PROPERTIES LLC
Elifin’s Notes: A retail property, used as an used auto dealership/auto repair shop, sells at the intersection of East Weber Road & Azelda Street.

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.