Print CB Request (CTI0105077 - 408 N 6th Street Land Acquisition)

Print Controlling Board Request

Request Summary

Columbus State Community College respectfully requests Controlling Board approval to purchase approximately 0.22 acres of land located at 408 North 6th Street, Columbus, Ohio (Franklin County). The property includes an 8,261-square-foot industrial shop/warehouse building, with a total purchase price of $1,088,250.00. The Institution of Higher Education will make the purchase with local funds. No student fees will be used in the acquisition.

Real Estate

Owner and Location Blue Banana Lorain LLC, Columbus
Area Name Acres 0.22
Option Price $1,088,250.00
($4,946,590.91 per acre)
Total Taxation Value $1,950,000.00
($8,863,636.36 per acre)
Local Funds Used Yes Previously Purchased Acres 0.79
Balance To Be Purchased Acres 0.00 Latest Sale Price $2,750,000.00
Real Estate Appraisals Appraisal Number Appraiser Name Valuation (Variance)
  1 Hinkle Real Estate Advisors Inc $1,950,000.00 (79.19%)
  2 Martin & Wood Appraisal Group LTD $1,300,000.00 (19.46%)

Funding

Fiscal Year Fund ALI Amount

Explanation

Ensuring sufficient space to support the College's academic and operational needs is critical to fulfilling its mission and meeting the workforce demands of Central Ohio. Columbus State is a key partner to regional employers, providing training and education that align with the evolving needs of the Central Ohio workforce.

Acquiring this property will help the College address long-term operational space needs, including storage, facilities maintenance, and shipping and receiving functions. Furthermore, Columbus State already owns adjacent properties, and this acquisition will enable more efficient and strategic use of the College's existing land assets. As Central Ohio experiences extraordinary economic growth, the demand for education and workforce training continues to rise. This acquisition will enhance the College's capacity to respond to these demands and strengthen its ability to serve students, faculty, and the community.

The Columbus State Community College Board of Trustees approved this purchase at its meeting on September 25, 2025.

Attachments

Type File Name (link)
Other Contract Addendum to extend close.pdf
Other Executed Purchase Contract.pdf
Real Estate Appraisal Hinkle Real Estate Advisors Appraisal.408 N 6th St.pdf
Real Estate Appraisal Martin Wood Appraisal Report 408 N. 6th Street Columbus OH.pdf
Other survey map.pdf
Other CSCC Board Action Property Acquisition Approved.pdf
Other 10.28.25 DAS Letter.pdf

Agency Contact

Debbie E. Strain, Specialist
Phone: 614-287-3944
Email: dstrain@cscc.edu

Signatures

Aletha M. Shipley
Date 10/29/2025
Jill N. Schuler
Date 12/01/2025