Cramer Creek Center in Columbus, Ohio

By David Sheets | May 08, 2017 News / Portfolio
Cramer Creek Center

Avistone, LLC acquired Cramer Creek Corporate Center located in Columbus, Ohio. The 98,284 square foot multi-tenant flex/warehouse project is located in the Northwest Columbus submarket on 10.12 acres of land. Built between 1986 and 1989, the project consists of four (4) buildings and is currently 92.25% leased to 13 tenants, with 37% of the space leased to credit tenants.

The company negotiated an acquisition price approximately 67% below replacement value, with strong projected average cash-on-cash yields and IRR over a 5-year holding period.

According to research reports by CBRE and Cushman Wakefield, the Columbus MSA industrial market continues to be robust. The combination of overall market vacancy being at 5.6% and experiencing positive net absorption every year since 2009 lends itself to strong tenant retention in the market. Also, employment growth in the Columbus region has outperformed the national average for the last eight years in a row.

“We are very excited to acquire our fifth property in Columbus, Ohio. Based on the success of our other four properties in the market, we are optimistic that Cramer Creek will perform at or above our projections, leading to a great investment,” said Richard Kent, President of Avistone. “Cramer Creek Corporate Center aligns perfectly with Avistone’s goals to provide current monthly yield and capital appreciation while mitigating risk for our investors. We continue to actively acquire properties similar to Cramer Creek that fit within our strategy to benefit investors.”

Avistone is a premier commercial real estate investment firm specializing in multi-tenant flex/warehouse properties. The company is currently acquiring and managing quality, stabilized multi-tenant properties in major and secondary markets throughout the US from $5 to $25 million. To learn more about Avistone and how you can benefit from its investments, please contact us at [email protected].

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The Projections provided by the Sponsor, including target IRR, target cash-on-cash, and target equity multiple (referred to as "Targets"), are hypothetical and are not based on actual investment results. They are presented solely to provide insight into the Sponsor's investment objectives, outline anticipated risk and reward characteristics, and establish a benchmark for future evaluation of the Sponsor's performance. The Sponsor's Projections and Targets do not constitute predictions, projections, or guarantees of future performance. There is no assurance that the Sponsor will achieve these Projections or Targets. Forward-looking statements, including the Sponsor's Projections and Targets, inherently involve a variety of risks and uncertainties, and actual results may substantially and materially vary from those anticipated. Refer to the applicable Offering Documents for disclosures concerning forward-looking statements. Projections and Targets, including forward-looking statements, should not be the primary basis for an investment decision. Avistone and its affiliates do not provide any assurance regarding returns, or the accuracy or reasonableness of the Projections or Targets provided by the Sponsor. Past performance does not predict future results. The historical performance record of Avistone is not indicative of future outcomes. Third-party audits have not been conducted on the performance of Avistone's prior projects. Differing property offerings and commitment dates for individual property offerings resulted in varying returns for investors.

The metrics of the Full-Cycle Track Record on industrial properties are calculated based on weighted averages that treat investment dollars equally and are computed by aggregating the outcomes of all Avistone full-cycle industrial property investments, with weights corresponding to the respective capitalization amounts for each Full Cycle Investment. This real estate investment is speculative and involves substantial risk. There is a potential for a partial or complete loss of principal investment and should only be undertaken if you are prepared to bear the consequences of such a loss. Thoroughly review all of the Sponsor's Offering Documents, including any "Risk Factors" therein. For additional information concerning risks and disclosures, please visit None of the content in this communication should be considered investment advice, whether regarding a specific security or an overall investment strategy. Reproduction or distribution of this message to any individual or entity outside the recipient's organization is prohibited without the express consent of Avistone.