4081-4099 Leap Rd – Listing Details

4081-4099 Leap Rd is a two building, 220,975 SF infill light industrial portfolio in Columbus, Ohio’s West Submarket. The property is 92.78% leased to seven tenants operating in a diverse set of industries including distribution, precision manufacturing and residential fulfillment. The property features 16' to 23' clear height, abundant dock and drive in doors, diverse suite sizes and significant parking.

The property has experienced substantial rental rate growth in the last five years with over 30% of the portfolio renewing at an average increase of over 12% from their initial rents. The property now maintains a 4.49 year weighted average lease term remaining. The in-place rental rates for the portfolio are estimated to be 17.55% below today’s market rents in a supply constrained Columbus market experiencing 1.50% vacancy with zero planned competitive construction. Investors will benefit from the institutional quality maintenance and operational history of the asset as they continue to press rates to market levels.