EXECUTIVE SUMMARY
Cushman & Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive advisor in the sale of Dearborn Professional Park (the “Property”), a 342,926-square-foot, highly functional industrial asset located at 1050 Dearborn Drive in Columbus, Ohio.
Originally owned and operated by a single tenant, the Property has since been transformed through recent significant capital investment. Ownership executed a partial sale-leaseback and repositioned the building into a multi-tenant layout, bringing occupancy to 96% across five diverse tenants. With an average tenant size of approximately 66,000 square feet, the Property meets demand in a size range with little competing supply.
Strategically positioned in Columbus’ premier Northeast industrial submarket, the Property benefits from an infill location with immediate interstate connectivity, proximity to a deep labor pool, and abundant surrounding amenities.
This opportunity allows investors to acquire a modernized, well-leased industrial facility at a discount to replacement cost in a supply-constrained, infill location where new development is limited. With recent ownership investment and durable in-place cash flow, the Property offers both immediate income security and long-term potential.
INVESTMENT HIGHLIGHTS
- Strategic Infill Location with Immediate Interstate Access
- Significant Discount to Replacement Cost
- Columbus: Top Performing Market
- E-Commerce Heartland
OFFERING AT A GLANCE
| Size: | 342,926 SF |
| Building: | 1 |
| Tenant: | 5 |
| Leased: | 96% |
| WALT: |
6.1 Years |
| Clear Height: | 22-24' |
| Year Built: | 1974 / 1999 Addition |
CONTACTS
|
ADAM TYLER Vice Chair +1 312 470 1840 |
MIKE TENTERIS Vice Chair |
|
JIM CARPENTER Vice Chair |
MEGAN BARKER |
|
DAN COONEY Associate |
|
DOMENIC SKUNDA Director +1 614 827 1712 |
|
| JEFF ALTENAU Vice Chair +1 312 470 2355 jeff.altenau@cushwake.com |
ZACH YARNOFF Managing Director |