Receivership Sale | KeyBank Building | Columbus, OH

Highlights:

• Iconic Class-A Building Featuring 256,720 square feet of office space across 21 floors, providing significant capacity for diverse tenant needs.
• Prime Downtown Location Situated at 88 East Broad Street in the heart of Columbus, OH, offering exceptional accessibility within the city’s central business district.
• On-Site and Valet Parking Included The offering includes the adjacent surface parking lot at 72 East Broad Street and valet supported parking, providing a total of 92 spaces in the downtown core, enhancing tenant appeal, operational flexibility, and long term value.
• Established Asset Constructed in 1964 and comprehensively renovated in 1986, the property benefits from a strong structural foundation and has since seen significant reinvestment, with many suites recently upgraded and delivered in near brand new condition.
• Fee Simple Ownership Offers clear title and full control over the property, enhancing investment security and flexibility.
• Generous Land Parcel Nearly one acre of land in a prime urban setting, allowing for potential expansion or redevelopment possibilities.
• Investment in a Growing Market Located in Columbus, Ohio, one of the fastest growing markets in the Midwest, driven by major technology, semiconductor, and advanced manufacturing investment, supporting long term job creation and sustained demand for office space.

Description:

Friedman Real Estate, in partnership with Apex Commercial Exchange, is pleased to present an exceptional opportunity to acquire the KeyBank Building, a prominent office asset located at 88 East Broad Street in the heart of Columbus, Ohio. This receivership sale offers investors a chance to secure a substantial Class A office property within the thriving downtown Columbus market. The offering also includes the adjacent parking lot located at 72 East Broad Street, providing valuable on site parking and additional long term flexibility.

The KeyBank Building encompasses approximately 256,720 square feet across 21 floors on a 0.98-acre site. Constructed in 1964 and comprehensively renovated in 1986, the building has since benefited from continued capital investment, with several suites recently renovated and delivered in near brand new condition. The property is currently approximately 30% occupied, providing substantial upside potential for value-add repositioning or long-term hold strategies. The layout accommodates diverse tenant requirements through flexible floor plates and essential infrastructure supporting modern office operations. Key amenities include multiple elevator banks, robust mechanical systems upgraded during the 1986 renovation, and well-designed building core facilities. The property benefits from established utilities and offers further potential for interior modernization to enhance tenant experience and operational efficiency. Prominent street frontage and high visibility support strong branding opportunities for prospective tenants.

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