MULTIFAMILY MULTIFAMILY INVESTMENT OPPORTUNITYINVESTMENT OPPORTUNITY
Alex [email protected]
10 N. High St. Suite 401 Columbus, Ohio 43215
614-221-4286www.rweiler.com
5 Triple Units For SaleCAP Rate 7.63%
130, 150, 170, 190 & 220 Old US Highway 42 SE London, Ohio 43140
Property DescriptionProperty DescriptionLONDON MULTIFAMILY PORTFOLIO FOR SALE!
Five, triplex units for sale near the quickly growing West Jefferson Industrial Park anchored by Amazon, Target, ACE Hardware and other multi-million square foot distribution facility. This rapidly growing area has had tremendous job growth leading to an increasing tenant
base for these units. The properties feature new roofs, low expenses and easy management. These affordable units are priced for a quick sale.
Address: 190 Old US Highway 42 SEPID: 05-00198.000Acreage: 0.98 +/- acBuilding Size: 2,512 +/- SFYear Built: 1995
Address: 130 Old US Highway 42 SEPID: 05-00195.000Acreage: 1.03 +/- acBuilding Size: 2,719 +/- SFYear Built: 1995
Address: 170 Old US Highway 42 SEPID: 05-00197.000Acreage: 0.99 +/- acBuilding Size: 2,719 +/- SFYear Built: 1995
Sale Price: $1,175,000Total Rent: $138,000Expenses: $48,300NOI: $89,700Price/Unit $78,333
Address: 150 Old US Highway 42 SEPID: 05-00196.000Acreage: 1.13 +/- acBuilding Size: 2,719 +/- SFYear Built: 1995
Cap Rate: 7.63%Cap Value: $1,175,000Total Units: 15Total SF: 13,413+/- SF
Address: 220 Old US Highway 42 SEPID: 05-00199.000Acreage: 0.98 +/- acBuilding Size: 2,744 +/- SFYear Built: 1989
Per Unit Rent Monthly Rent Annual Rent2 Bedroom Units 10 $800 $8,000 $96,0001 Bedroom Units 5 $700 $3,500 $42,000
Total Units 15List Price $1,175,000
Price Per Unit $78,333
Total Rent $138,000Expenses $48,300
NOI $89,700Cap Rate 7.63%Cap Value $1,175,000
Finley London130-220 Old US Highway 42, London, Ohio
FinancialsFinancials
Aerial & Plat MapsAerial & Plat Maps
130 Old US Highway 42 SE130 Old US Highway 42 SE
150 Old US Highway 42 SE150 Old US Highway 42 SE
170 Old US Highway 42 SE170 Old US Highway 42 SE
190 Old US Highway 42 SE190 Old US Highway 42 SE
220 Old US Highway 42 SE220 Old US Highway 42 SE
Building PhotosBuilding Photos130 Old US Highway 42 SE 150 Old US Highway 42 SE
170 Old US Highway 42 SE 190 Old US Highway 42 SE
220 Old US Highway 42 SE
PhotosPhotos
Street MapsStreet Maps
Location MapLocation Map
Click here to see the map
Property LocationProperty Location
Great Location!Near the West Jefferson Industrial Park
Easy access to I-70Minutes to Downtown London
25 minutes to Downtown Columbus
Flood MapFlood Map
Traffic Map Traffic Map
Demographics Demographics
County HighlightsCounty Highlights
15FACTBOOK
madison county
EMPLOYMENT BY INDUSTRY
DEMOGRAPHICS
43,419RESIDENTS
40.2MEDIAN AGE
14,906HOUSEHOLDS
$57,406MEDIAN HOUSEHOLD INCOME
MADISON COUNTY EMPLOYMENT BY INDUSTRY
Construction and Mining
4%
26%
2%
11%
13%2%
9%
7%
6%
1%
19%
Manufacturing
Wholesale Trade
Retail Trade
Transportation and Utilities
Financial Activities
Professional and Business Services
Education and Health
Leisure and Hospitality
Other Services
Government
WORKFORCE
3.8% UNEMPLOYMENT RATEMADISON COUNTY
helor US
0 5 10 15 20 25 30 35 40
BacBachelorAssociate USAssociate
% 25+ WITH ASSOCIATE DEGREE
OR HIGHER
% 25+ WITH BACHELOR’S DEGREE
OR HIGHER
Madison County
U.S.Average
30.6%
38.8%
24.2%
17.1%
Source: U.S. Census Bureau, 2016 Population Estimates; U.S. Census Bureau, American Community Survey 2015; EMSI, 2017; Bureau of Labor Statistics, LAUS, seasonally adjusted by Columbus 2020 (2016 average)
COMPANY FTE OPERATIONSStanley Electric U.S. Co., Inc. 1,528 Manufacturing of automotive and motorcycle lighting
XPO Logistics, Inc. (Supply Chain) 1,016 Logistics services
Jefferson Industries Corp. 700 Manufacturing of dashboards, panels, other automotive components
Target 600 Distribution of consumer goods and food
Battelle 550 High energy research lab, biomedical and hazardous material research
Keihin Thermal Technology of America, inc. 400R&D and manufacturing of automotive engine management and climate control systems
Staples, Inc. 400 Distribution of office supplies
Nissen Chemitec America 380 Manufacturing of automotive interior trim
Mars Petcare 350 Pet food manufacturing
Restoration Hardware 240 Distribution and fulfillment of furniture and other household goods
LARGEST PRIVATE SECTOR EMPLOYERS
Marion County
KnoxCounty
Logan County
CLEVELAND
DETROIT
INDIANAPOLIS
CHICAGO
LOUISVILLE
PITTSBURGH
CINCINNATI
ATLANTA
ST. LOUIS
80
75
9080
90
64
70
80
71
COLUMBUS 70
77
77
64
75
65
40
250 miles 400 km
500 miles 800 km
RICHMOND
TORONTO
MATT McCOLLISTERVice President, Economic Development150 South Front ST, Suite 200Columbus, OH 43215
Phone: (614)225.6953Email: [email protected]
COLUMBUS ECONOMIC MARKET
D
L
M
I
K
HJF
A
N
O
E
B C
G
FORTUNE 1000 HEADQUARTERS
A – Scotts Miracle-Gro Co.B – PacerC – Cardinal HealthD – Worthington IndustriesE – Mettler-Toledo International, Inc.F – Big LotsG – Huntington BancsharesH – Hexion Specialty Chemicals/Momentive Performance Materials
I – Bob Evans Farms J – Retail Ventures Inc.K – American Electric PowerL – NationwideM – Limited BrandsN – Abercrombie & FitchO – Greif
Market HighlightsMarket Highlights
This confidential Offering memorandum has been prepared by The Robert Weiler Company for use by a limited number of parties whose sole purpose is to evaluate the possible purchase of the subject property. This Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.
The information contained in the Memorandum has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no guaran-tee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used, are for example only, and do not represent the current or future performance of the property. The val-ue of this transaction to you depends on taxes and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, indepen-dent investigation of the property for your needs. All potential buyers must take appropriate measures to verify all the information set forth herein. Both The Robert Weiler company and the Owner disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. The contained information is subject to change at any time and without notice. The recipient of the Memorandum shall not look to the Owner or The Robert Weiler Company for the accuracy of completeness of the Memorandum.
A prospective purchaser must make its own independent investigations, projections, and con-clusions regarding the acquisition of the property without reliance on this Memorandum or any other Confidential information, written or verbal, from the Broker or the Seller. The Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the property or to terminate any negotiations with any party, at any time, with or without written notice. Only a fully executed Real Estate Purchase Agreement, approved by Seller, shall bind the prop-erty. Each prospective purchaser and /or broker proceeds at its own risk.
Offering MemorandumOffering Memorandum
