25 Nov The Pulse CBUS: Multifamily portfolio sells for 170mm

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

Commercial Sales Recorded Last Week

2764 Preston Club, Columbus, OH 43219

Type: Multifamily
Price: $170,000,000 ($121,602 / Unit)
Buyer: GARDENS OWNER LLC
Elifin’s Notes: The Gardens Columbus multifamily complex, a 1,398-unit portfolio of condominiums, sells in the Somerset area.

7343, 7349 Worthington Galena Rd, Columbus, OH 43085

Type: Specialty
Price: $4,950,000 ($111.80 / SF)
Buyer: CROSSROADS COMMUNITY CHURCH INC
Elifin’s Notes: Crossroads Community Church purchases a facility on Worthington Galena Road.

5241 Trabue Rd, Columbus, OH 43228

Type: Industrial
Price: $1,050,000 ($145.83 / SF)
Buyer: 5241 TRABUE PROPERTIES LLC
Elifin’s Notes: An industrial warehouse/ office property changes hands in the Trabue Woods area.

50, 56 E Lincoln St, Columbus, OH 43215

Type: Hospitality
Price: $750,000 ($107,143 / Unit)
Buyer: CALABRO PROPERTIES LLC
Elifin’s Notes: The 7-unit 50 Lincoln-Short North Bed and Breakfast property sells.

3085 Olentangy River Rd, Columbus, OH 43202

Type: Retail
Price: $690,000 ($168.01 / SF)
Buyer: KNOX INVEST 2 LLC
Elifin’s Notes: An auto service center property changes hands across from the Marriott Columbus, at the corner of Old Olentangy Road and Riverview Drive.

411, 413 E 14th Ave; 25, 29 W Patterson Ave, Columbus, OH 43201

Type: Multifamily
Price: $675,000 ($84,375 / Unit)
Buyer: C&D OAK INVESTMENTS LLC
Elifin’s Notes: C and D Oak Investments acquires two 4-unit multifamily properties.

206 E State St, Columbus, OH 43215

Type: Office
Price: $600,000 ($194.24 / SF)
Buyer: LEE ELLE MANAGEMENT LLC
Elifin’s Notes: Lee-Elle Management acquires the office property at 206 E State Street.

156 W Eighth Ave, Columbus, OH 43201

Type: Multifamily
Price: $580,000 ($96,667 / Unit)
Buyer: TWRPL LLC
Elifin’s Notes: A 6-unit multifamily property near the Ohio State University sells to TWRPL LLC.

2399 Old Stringtown Rd, Columbus, OH 43123

Type: Office
Price: $489,500 ($119.95 / SF)
Buyer: THE CREDIT UNION OF OHIO
Elifin’s Notes: The Credit Union of Ohio purchases an office property on Old Stringtown Road.

5466 E Livingston Ave, Columbus, OH 43232

Type: Retail
Price: $300,000 ($100.00 / SF)
Buyer: MAKAN GROUP INC
Elifin’s Notes: The Spot Free Car Wash, with 8 bays (6 self-serve and 2 automatic), sells.

6188 Ambleside Dr, Columbus, OH 43229

Type: Retail
Price: $200,000 ($64.43 / SF)
Buyer: MUSA REAL ESTATE 3 LLC
Elifin’s Notes: A community supermarket property sells near Devonshire Park.

295 S Hamilton Rd, Columbus, OH 43213

Type: Office
Price: $187,500 ($223.21 / SF)
Buyer: TACHE MICHALE
Elifin’s Notes: An office property with a 3-car garage sells along South Hamilton Road.

6475 Tussing Rd, Columbus, OH 43068

Type: Retail
Price: $165,000 ($58.93 / SF)
Buyer: GALLICK JOHN
Elifin’s Notes: A fast-food property, formerly a Burger King, sells on Tussing Road.

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.