I-271 Commerce Center
600 Beta Drive, Mayfield, OH, 44143, US
8,413 m²
Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been retained to market for sale the fee simple interest in Taylor Industrial One (the “Offering” or the “Property”), a 144,375 square foot distribution facility located in the East submarket of Columbus, OH. The Property is 100% leased to Grimco, Inc. on a 10- year deal with 3.50% annual rent escalations, providing a long-term, growing cash flow. This highly functional Class A facility offers users modern logistics specifications including 32’ clear heights, ESFR fire protection systems, and LED lighting. Additionally, the Property features a flexible layout with the ability to demise down the space into multi-tenant formats. Taylor Industrial One offers investors a Class A industrial facility in the high-growth East Columbus submarket with a stabilized, growing in-place cash flow and best-in-class tenancy.
The Property provides an opportunity for investors to enter the rapidly growing, highly accessible, East Columbus industrial submarket. Located minutes away from I-270, the East Columbus submarket connects users to the entire Columbus MSA and its major transportation infrastructure, including I-70, I-71, and the Rickenbacker International Airport. Industrial user demand in the region is robust, evidenced by major developments in New Albany, 6 miles north of the Property. In addition to its long history as a dominant logistics market, Amazon and Intel have submitted plans to construct massive data center and manufacturing facilities in New Albany. Notably, Intel’s 3,190-acre computer chip manufacturing campus is the largest single private sector investment in Ohio’s history and is expected to add $2.8 billion to Ohio’s annual gross state product. Taylor Industrial One benefits from a growing, industrial focused environment with outstanding transportation access, connecting users like Grimco to the sprawling Columbus MSA and its large labor pools.
Ohio Brokerage
Jon Vanverplough
216.937.4376
Jon.Vanderplough@jll.com
License #: 2005015674