Columbus, IN Office Property For Sale

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Office for Sale

Columbus, IN 47201

Site Overview:

• Consists of three buildings: Irwin Office Building & Conference Center,

and Building D

• Zoned CD - Commercial Development

• ± 1.90 Acres

• Adjacent to Cummins Corporate HQ

Irwin Office Building & Conference Center:

• ± 75,438 SF facility

• IOB: ± 60,264 SF

• ICC: ± 15,174 SF

• ICC designed by Eero Saarinen

• Built in 1954

• IOB designed by Kevin Roche, John Dinkeloo & Associates & built in 1973

• Designated a National Historic Landmark by the National Park Service in 2001

• Expansive glass throughout the building to enhance natural light & openness

• Conference rooms in repurposed bank vaults

Building D

• ± 15,356 SF

• Formerly a separate structure, Building D can be demised to accommodate an owner occupant

• High-end, modern finishes throughout

• Direct entrance off of Washington Street - the primary corridor in downtown Columbus

Office for Sale

Columbus, IN 47201

Features

* ±3.76-acre adjacent parking field with ±340 spaces

* Move-in ready office space with High-end finishes throughout

* Built in 1973 - Renovated in 2020

* YES Cinema - 2 screen theater (± 8,405 SF)

* Potential for redevelopment

* Zoned CD - Commercial Downtown

* Surrounded by recent new developments with restaurants,

retail and residential uses

* 1 block South of Cummins World Headquarters

Office for Sale

Columbus, IN 47201

4010 GOELLER BLVD: The property is zoned Medical/Office and is part of a PUD. The investment consist of one building with a total of 7575 square feet of rentable space and has a total of 2 tenants and is 100% leased. Both of which are medical offices. This building also has a full lower level as well. The lower level could possibly be expanded by adding a separate entrance/exit. It would add an additional 6975 square feet and already has all the utilities in place for future expansion. One Tenant is (Everside Medical) started September 2023 for 3 years with 2 options and is a NNN lease. The other Tenant (Neurohealth) recently renewed with a fresh 5-year NNN lease that began in January 2022. They have actually been at this location for four years prior to signing the latest lease.

4020 GOELLER BLVD: has 6364 square feet of rented space consisting of 3 suites. Presently leasing Suite B is the Indiana Conservatory of Music with 1900 square feet. They have a two-year lease that started in June 2023. In March of 2024 they will also be leasing an additional 1506 square feet presently being leased by Everwood Hospitality Management which ends in February of 2024, for a total of 3404 square feet. That lease will have the Indiana Conservatory of Music leasing until May 30th, 2025, with options to renew. Excellent Tenant.

In Suite A we have a 10-year lease that started September 2023 to Ellie Mental Health Services. They are in 3000 square feet, and it has been totally remodeled. They do have a rate increase after 5 years with 2 Five-year options to renew. All leases are NNN. The space they occupy was totally remodeled in 2023. Good solid Tenant.

Office for Sale

Columbus, IN 47201

This space has just started with a new Tenant on December 1st, 2022 and is for 7 years and 4 months. The lease starts at $11.50/sq.ft./yr +NNN and then has annual increases which will end on year 7 with $17.50/ square foot/ year plus NNN charges. The building was remodeled in 2019 and is being remodeled again in December of 2022 and January of 2023. This is an excellent opportunity.

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