10 Apr The Pulse CBUS: Nursing home sells for 6.3mm

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

Commercial Sales Recorded Last Week

5055 Thompson Rd

Type: Healthcare
Price: $6,329,757 ($50,638 / Unit)
Buyer: OUR HOME NEW ALBANY RE LLC
Elifin’s Notes: A 125-unit nursing home sells in the Morse-Thompson area

New World Dr

Type: Land
Price: $6,300,000 ($8.02 / Land SF)
Buyer: ARCBEST PROPERTY MANAGEMENT LLC
Elifin’s Notes: 18 acres of vacant industrial land sells at the corner of New World Drive and Alum Creek Drive in Marion-Franklin area

1500 Lake Shore Dr

Type: Office
Price: $3,500,000 ($57 / SF)
Buyer: 1500 LAKE SHORE LLC
Elifin’s Notes: This four-story office building sells in the McKinley Avenue Corridor area

0 Dublin Rd

Type: Land
Price: $2,728,807 ($1.28 / Land SF)
Buyer: QT NORTH LLC
Elifin’s Notes: California-based company purchases 49 acres of industrial/mining land adjacent to the quarry in the Griggs area

885 Stelzer Rd

Type: Land
Price: $2,424,210 ($4.13 / Land SF)
Buyer: STELZER INDUSTRIAL LLC
Elifin’s Notes: Vacant land in the East Columbus Gateway area sold to an industrial entity

5541 Westerville Rd

Type: Industrial
Price: $2,000,000 ($176 / SF)
Buyer: 5505-5541 WESTERVILLE ROAD LLC
Elifin’s Notes: Former used car and collision center property with industrial warehouse functionality sells in the Northern Woods area

1149 S Hamilton Rd

Type: Retail
Price: $1,365,000 ($209 / SF)
Buyer: SUVER KENTON & SUVER MARY
Elifin’s Notes: Auto-parts retail space sells in the Whitehall area

1349 E Broad St

Type: Office
Price: $1,300,000 ($926 / SF)
Buyer: ETHICAL EQUITY LLC
Elifin’s Notes: Office property, converted from a home, sells in the Franklin Park area

1880 Stringtown Rd

Type: Retail
Price: $1,275,000 ($264 / SF)
Buyer: MG DUNE 1880 STRINGTOWN LLC
Elifin’s Notes: Tee Jaye’s Country Food location sells in the Grove City area

5442 Sunbury Rd

Type: Land
Price: $1,056,000 ($3.96 / Land SF)
Buyer: EASTON MEADOWS APARTMENTS LLC
Elifin’s Notes: The Capitol City Baptist Church sells a 6.12 acre portion of land from their campus to an apartment developer

91 S State St

Type: Retail
Price: $855,000 ($279 / SF)
Buyer: BRITTNEY BURNWORTH LLC
Elifin’s Notes: Blacklick, Ohio-based medical spa services entity purchases retail space in the Westerville area

2691 E Main St

Type: Office
Price: $670,000 ($82 / SF)
Buyer: CSD BEXLEY LLC
Elifin’s Notes: Office building in the Bexley area was sold

5675 Avery Rd, Dublin, OH 43016

Type: Land
Price: $650,000 ($5.02 / Land SF)
Buyer: NVS PROPERTIES 30 LLC
Elifin’s Notes: 2.97 acres of land sold in the Dublin area

436 Ternstedt Lane

Type: Industrial
Price: $325,000 ($48 / SF)
Buyer: TEMSTEDT LANE INC
Elifin’s Notes: Commercial warehouse property sells in the Westland area

1516 E Main St

Type: Retail
Price: $270,000 ($182 / SF)
Buyer: OHIO COMMUNITY DEVELOPMENT FINANCE FUND
Elifin’s Notes: The Ohio Community Development Finance Fund purchases a, now vacant, fast food restaurant space in the Franklin Park area

862 Cleveland Ave

Type: Retail
Price: $220,000 ($157 / SF)
Buyer: 862 CLEVELAND AVE LLC
Elifin’s Notes: Small retail building with adjoining lot of land sold in the Milo-Grogan 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.