Industrial & Logistics

NiSource - Athens, OH

11686 Upper River Rd Athens, Ohio United States 45701-7526
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate


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Building Area

Property Description

JLL is pleased to offer for sale the fee simple interest in a single-tenant, corporate, net leased Columbia Gas of Ohio, Inc. (the "Tenant") grounds maintenance facility in Athens, OH. The Tenant is a wholly-owned subsidiary of NiSource, Inc., which provides essential natural gas and electricity distribution services to 4 million customers around the country. The light industrial asset features just under 19 years of remaining lease term, allowing investors the opportunity to secure long-term cash flows.

Investment Highlights

  • Long term, net lease structure with minimal landlord responsibilities
  • Strong corporate Tenant with investment grade parent company
  • Recently built industrial asset in accessible location
Last Updated Date: 07 Aug 2020
Kevin Chang
Kevin Chang
Director, Capital Markets
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Last Updated Date: 07 Aug 2020

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