New Albany Road East Corridor

General Site & Real Estate Information
Site Name & Address  
Business Park Name: New Albany International Business Park
Site / Area Name: New Albany Road East Corridor
Street Address (or Latitude/Longitude): N 40° 6’ 34.4536”/W 82° 49’1.5138”
City: New Albany
County: Franklin
State: Ohio
Postal Code: 43054

 

General Site Information  
Available Acres: 169 acres total. Sites from 5 – 70 acres.
Asking Price Per Acre: $175,000 to $225,000/acre.
General Site Configuration/Shape: Rectangular; The New Albany Company owns most of the sites as well as surrounding expansion ground. The sites can be sized to fit the needs of the end user.
Topography of the Site: The site is generally flat with a minimal slope.
Additional Acreage Available: As the master developer for the area, The New Albany Company has the ability to increase the size of the site to fit the customer’s end use.
Soil Conditions: Topsoil cover underlain by natural clay based soils containing random sand and/or gravel layers and lenses. Clay based soils suitable for conventional construction and a burying capacity of 3,000 psf.
Use of the Site: Agricultural
Existing Structures and Status: None

 

Site Ownership and Current Conditions  
Identify Current Property Owners: 1) The New Albany Company (NACO) owns most of the proposed sites. NACO was founded by New Albany residents, Les and Abigail Wexner, in the 1980’s. Mr. Wexner is the founder, chairman and CEO of LBrands, the parent company to Bath & Body Works, Victoria’s Secret and other national retail operations. NACO’s master planned community encompasses over 10,000 acres, of which over 3,500 acres make up the New Albany International Business Park.

 

NACO Contact:

Dick Roggenkamp

Director of Real Estate

The New Albany Company

8000 Walton Parkway, Suite 120

New Albany, OH 43054

614-939-8000

droggenkamp@newalbanycompany.com

 

2) The Yerke Family owns 36 acres.

 

Yerke Contact:

Chris Potts, CCIM

Colliers International

Two Miranova Place, Suite 900

Columbus, OH 43215

614-437-4654

Christopher.potts@colliers.com

Title for Site Readily Transferable: Yes

 

Zoning & Encumbrances  
Current Zoning: L-GE ( Limited General Employment); PUD Commercial;
Height Restrictions: 35’ to 65’ depending on site location.
Use Restrictions:
Surrounding Land Uses: Data Centers, Pharmaceutical, corporate office and operations centers, multi-family to the west.
Future Land Use Plans for Site: Corporate office, data center/mission critical facilities, supporting retail and services.
CC&Rs in Place for the Site: Property will be subject to the Covenants, Conditions, Restrictions and Easements of the New Albany Business Park (CCR’s). The CCR’s provide for certain design review procedures and landscaping and fencing requirements along public road frontages within the Business Park. Security fencing, guardhouses and similar security features are permitted and have been constructed in the Business Park as part of other enterprise data and technology centers developed in the Business Park. A copy of the CCR’s will be provided upon request.
Rights Not Held by Property Owner (i.e. mineral rights, water rights etc.): The property owner holds all rights to the property.

 

Site Access  
Road Access to the Site: The primary access to the sites is SR 605 a north/south arterial located less than .25 miles from the New Albany Road/State Route 161 Interchange. Arterials Central College Road and Walton Parkway provide additional access to the sites.
Construction Access to the Site: Yes
Nearest 4-lane or Interstate Highway: 161 Expressway – .25 miles

I-270 – 6.5 Miles

I-70 – 17.6 Miles

Nearest Commercial Airport: John Glenn Columbus International Airport: 8 miles

Rickenbacker International Airport: 20 miles

Newark/Heath Port Authority: 16

Access to Rail: No rail access
Access to Cargo Service: Rickenbacker International Airport: 20 miles

 

Emergency Preparedness  
Distance to Hospital: New Albany Surgical Hospital – 1.5 miles

Mt. Carmel East Hospital – 9 miles

Distance to Fire Station: Plain Township Fire Department – 3 miles
Distance to Police Station: New Albany Police Department – 3 miles
Utilities
Electricity  
Service currently available at the site: Service is currently available at the site.
Name of current or potential service providers: American Electric Power
Distance to nearest distribution line(s): At site.
Is electric service redundant: Dual Feed – Fully Redundant
Distance to nearest transmission line(s): 3.5 miles
Voltage of nearest transmission line(s): 134kV & 345kV
Available electric capacity at the property (MW): 3 phase 5 MW electric available at the site.
Future planned capacity/infrastructure expansions: None
Distance to substation: Jug Street Station (7 miles) – Currently has 1 – 50 MVA transformer with approximately 20 MVA of load. Jug Street Station was built with the capacity to have a total of 4-50 MVA transformers.

 

Corridor Station (5 miles) – Currently has 1-50 MVA transformer with approximately 37 MVA of load. AEP does have the capability of adding 2-50 MVA transformers.

 

Blendon Station (5 miles) – Currently has 2 – 50 MVA transformers with approximately 52 MVA of load.

Describe the availability of customer choice: Ohio is a competitive state for electric generation.   Customers have the opportunity to shop their energy (generation) requirements with a number of Competitive Retail Electric Suppliers (CRES).

 

Natural Gas  
Service currently available at the site: Yes
Name of current or potential service providers: Columbia Gas
Size & Pressure of the nearest line: 4” line / 10 MCF/day / 40-60 PSI
Future planned capacity/infrastructure expansions: None at this site.

 

Water  
Name of water provider: City of New Albany via City of Columbus
Description of the water service (size of the lines, distance to the property and total capacity): The property owned by NACO will be served by way of an existing 12” waterline located along the west side of Reynoldsburg New Albany Road. The property owned by the Yerke family will be served by way of a combination of an existing 8” waterline at the northeast corner of the property at the terminus of Souder Road, and/or an existing 8” waterline along the east side of the property at the terminus of Jersey Drive.
Future planned capacity/infrastructure expansions: N/A

 

Water Treatment Plant Answer
Name of water treatment plant serving the property Hap Cremean Water Plant (HCWP)
Owner/Operator of water treatment plant: City of Columbus
Distance to the property: 9.8 miles
Total permitted capacity (mgd): 125
Allocated capacity (mgd) (if applicable): N/A
Average utilization (mgd): 77
Peak utilization (mgd): 94
Excess capacity (mgd): 31
Known encumbrances / requests for additional capacity to the water system capacity: None
Planned upgrades to the water system, including the schedule and the source of funding source for the project. Currently undergoing a $70M upgrade to install ozone and biologically active filtration.

In the next 5 years upgrades for the following will occur: Standby Power, UV Disinfection and conversion from chlorine to bleach.

 

Wastewater/Sewer  
Name of wastewater provider The City of New Albany will be the owner and service provider of the wastewater service for the planned site.
Size of nearest line(s) & Distance

 

 

 

 

The property owned by NACO will be served by way of an extension of an existing 15” sanitary sewer line located near the intersection of Reynoldsburg New Albany Road and New Albany Road East, approximately 700’ to the south of the subject site. The property owned by the Yerke family will be served by an existing 24” sanitary sewer line located adjacent to its southern property line.
Type of line serving the property (gravity or force main) Gravity Sewer
If force main, excess capacity of nearest pump station serving the property (mgd) N/A
Future planned capacity/infrastructure expansions: N/A

 

Wastewater Treatment Plant
Name of wastewater treatment plant serving the property: Columbus Southerly WWTP
Owner/Operator of wastewater treatment plant: City of Columbus
Distance to the property: 29.3 miles
Total permitted capacity (mgd): 114 (330 wet weather capacity)
Allocated capacity (mgd) (if applicable): N/A
Average utilization (mgd): 96
Peak utilization (mgd): 114
Excess capacity (mgd): 216
Known encumbrances / requests for additional capacity to the wastewater system capacity: None
Identify any planned upgrades to the wastewater system, including the schedule and the source of funding source for the project. CEPT project – scheduled to be completed in 2019

 

 

Telecommunications  
Name of telecommunication provider(s) WOW! (via New Albany Net); Verizon; AT&T
Description of telecommunications infrastructure The 96 strand fiber network is built for high speed data communications and to reach customers economically throughout the New Albany Business Park. Additional redundancy/path options are available.
Services available Point to Point and multi-point Ethernet (10Mb-1Gb and 10Gb),Wavelength Services (2.5Gb and 10Gb), Dedicated Internet, MPLS, Managed Services, Voice SIP Trunking, TDM Services (DS1 through OC192)
Fiber available at the property? If yes, aerial or underground? Yes, fiber is available.  All of the infrastructure in New Albany is underground. Diverse options are available as well.
Dark fiber available at the property? Yes.
Environmental
Environmental Studies  
Phase I Environmental Report: Phase I complete; no further action required
Wetlands Delineation: Wetlands delineations and 401/404 permits complete. Portions of site will be subject to wetlands conservation easement.
Endangered Species: N/A
Archeological/Historical: N/A
Geotechnical Assessment: Geotechnical information available for portions of the site. User will be responsible for development-specific geotechnical studies.
Soil Conditions: Topsoil cover underlain by natural clay based soils containing random sand and/or gravel layers and lenses. Clay based soils suitable for conventional construction.
Hazards on site: None

 

 

Taxes
Taxes  
Real Property Tax Rate (per Assessed Valuation): 94.488013
Personal Property Tax Rate: No Personal Property Tax in Ohio
Income Tax Rate: 2%
Sales Tax Rate: 7.5%

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