Columbus Rickenbacker Warehouse Sale Reported at $49 Million

A 350,000-square-foot warehouse at 9560 Heartland Court near Rickenbacker International Airport reportedly sold for $49 million to Boyd Watterson Asset Management. The reported price equals $140 per square foot, but one leased transaction is not enough to establish a corridor-wide valuation benchmark.

The transaction comes from industry reporting

Commercial Property Executive reported the transaction and said Prologis sold the 24-acre property while Cardinal Health fully leases the building. The outlet attributes ownership and transaction details to other reporting and Yardi Matrix, so CREN labels the price as reported rather than independently deed-verified.

Dividing $49 million by 350,000 square feet yields $140 per square foot. That calculation does not account for closing costs, lease economics or any portfolio considerations.

The tenant confirms the operating address

Cardinal Health’s employment location page lists warehouse jobs at 9560 Heartland Court. This first-party record supports the tenant’s presence, but it does not disclose rent, lease term or credit protections.

The industry report says the facility distributes over-the-counter medication to more than 20 forward distribution centers. That operating description originates with company and property sources and should not be treated as an independent economic-impact study.

A leased sale is not a market index

Investor pricing can reflect building age, tenant credit, remaining lease term, rent growth, financing and location. Without those terms and comparable transactions, the sale cannot prove that industrial land around Rickenbacker commands a particular price.

The previous article called the asset safer than vacant buildings and advised investors to use it as a benchmark. Those statements were unsupported investment analysis and have been removed.

What to verify next

The recorded deed and conveyance documents would confirm buyer, seller and consideration. Lease filings or direct responses could add context about term and occupancy.

Until then, the responsible conclusion is that a large, occupied logistics property changed hands at a reported price. It does not establish future returns, tax-base stability or effects on nearby housing.

How CREN checked this account

This revision distinguishes originating records from commentary and promotional descriptions. It preserves source-specific uncertainty instead of combining unlike measurements or turning a stated intention into an outcome. The linked records let readers inspect the evidence available on the fact-check date; later schedules, designs and market conditions may differ.

CREN also removed transaction advice and claims about property values, rents, demand or economic effects when the sources supplied no reproducible analysis. A future update should use the same definitions and geography, identify any changed status and explain conflicts rather than quietly replacing the earlier record.