Global Court I & II 2023_Property for Sale
Global Court I & II 2023_Property for Sale
2553-2653 Global Court, Groveport, OH, US

Global Court I & II 2023

Portfolio description

Jones Lang LaSalle (“JLL”), as exclusive advisor to owner, is pleased to offer for sale the fee-simple interest in the Global

Court Portfolio, a two-building industrial portfolio totaling 355,100 square feet located in Groveport, Ohio (“The Portfolio”

or “the Offering”). Delivered in Q1 2022, the Portfolio consists of two Class A distribution facilities that boast the modern

attributes logistics users require, including 32’ clear heights, ample loading & auto parking, and 180’ truck court depths.

The Portfolio is 100% leased to four tenants, providing investors with a stabilized, growing cash flow that features 2.8%

average annual rent increases, 4.7 years of weighted average lease term, and in-place rents 9.0% below market standards

with no fixed-rate renewal options. In addition to significant annual rent growth, future ownership will be able to mark each

Tenant’s current rates to the prevailing market levels, offering a considerable yield enhancement opportunity.



Building Area
32,990 m²
Land area net
14.45 ha (144,471 m²)
Global Court I & II 2023 (2 Properties)
Global Court I & II 2023 (2 Properties)


Investment Highlights

  • Q1 2022 Class A Construction
  • Stabilized, growing in-place cash flow
  • Mark-to-market opportunity
  • Access to key transportation infrastructure
  • Dense, institutionally owned corridor
  • 100%, 15-year tax abatement

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Last updated
30 Mar 2023