409
1,328
0
184

REMARKS:

A recently constructed shopping center in an affluent Columbus sub-market. Located less than a half mile to SR-161 & less than 3 miles to I-270, reaches the New Albany & Westerville submarkets. Population growth in the area has increased 26.77% since 2010 & roadway expansion along Hamilton Road will increase traffic counts to over 20, 000 cars per day along Hamilton Rd. In the last five years, nearly 4, 000 apartment units & 2, 000 single family homes have been built within 2 miles of the center. 1 mile south of the center, the mixed-use development project is currently under construction.This 2008 center is being offered at a 7.04% CAP rate. Tenants have signed net-leased investments providing minimal Landlord responsibilities. 1 small vacancy provides upside to any buyer.

OVERVIEW:

Shopping Center
Active
Albany Place Shopping Center
2008
3.64

FINANCIAL:

$5,300,000
$113,119
2015

NEIGHBORHOOD & SCHOOL INFORMATION:

Courtesy of Alexander N Marsh (614) 221-4286 The Robert Weiler Company (614) 221-4286

 

Broker Reciprocity 
  


MLS Information deemed reliable but not guaranteed

 

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