Beautiful, well maintained building in the historic downtown Columbus area. Occupying nearly a city block, this property represents a unique purchase-leaseback investment opportunity. Regions Bank will remain in the building occupying the first floor of 10,745 sq ft. The bank would be under a 10 year lease with an additional three, 5 year renewable options. That would be an 8% CAP rate for that sq footage. This leaves 30,000 sq ft(+/-) to be occupied or leased plus a basement for storage. Building has two elevators one on the east side the other on the west side of the building. 153 parking spaces. Roof is 12 years old, part shingled, part flat with no past issues or major repairs. Building has basement that is not included in the square footage.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
This representation is based in whole or in part on information from the GODLEN TRIANGLE ASSOCIATION OF REALTORS® or its Multiple Listing Service. Neither the Association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
