3540 E Fifth Avenue industrial property, Columbus OH

Track Record

A selection of investments demonstrating Oxford's approach to value creation through operational intensity, basis discipline, and generational hold periods.

3540 E. Fifth Avenue

Columbus, Ohio · 36,000 SF · Industrial

Acquired for $1.3M, this functionally obsolete truck repair facility was repositioned through a ~$1.0M renovation, including a new metal building skin, roof replacement, full asphalt milling and repaving, overhead door replacements, complete office rebuild, and upgraded HVAC systems. The project also addressed environmental challenges, coordinating with the Ohio EPA to implement vapor mitigation systems. Upon completion, we executed a 10-year lease with a global fragrance manufacturer, achieving an approximate 12% going-in cap rate and increasing the property's market value to nearly 2x total project cost.

Front View

Rear View

$1.3M Acquisition
~$1.0M Renovation
~12% Cap Rate
~2x Cost Value Created

Representative Investments

Sepich Portfolio — Banwick Road exterior, Columbus OH
Current Holding

Sepich Portfolio

Columbus, OH · 110,000 SF · 8 Buildings

Acquired from heirs of the original developer, with rents over 50% below market. Oxford deployed non-traditional marketing and active lease management to reset rents from under $6 PSF to $13 PSF gross. NOI has doubled in under five years with significant additional upside remaining as below-market leases roll.

$42Basis / SF
2.0×NOI Growth
100%Occupancy
~2.6×Est. Equity Multiple
$12MEst. Current Value
38 daysLOI to Close
9050 Red Branch Road exterior, Columbia MD
Current Holding

9050 Red Branch Road

Columbia, MD · 90,000 SF

Oxford's largest Maryland asset. Acquired stabilized at an 8.0% cap rate with rents slightly below market. Despite minimal turnover, active management has grown NOI from $613K to approximately $1.1M. Oxford has declined offers approaching $200 PSF, reflecting conviction in continued rent growth.

$85Basis / SF
1.8×NOI Growth
100%Occupancy
30%Cash-on-Cash
~2.3×Est. Equity Multiple
42 daysLOI to Close
29000 Information Lane exterior, Eastern Shore MD
Current Holding

29000 Information Lane

Eastern Shore, MD · 48,000 SF · 5 Buildings

Acquired at 33% occupancy from a multi-billion dollar construction company that had deprioritized the asset. Oxford deployed non-traditional marketing, offered targeted concessions, and improved responsiveness to lease up the property. Rents have nearly doubled from $8 to $15 PSF gross with a current waiting list.

$42Basis / SF
6.3×NOI Growth
33% → 100%Occupancy
~3.5×Est. Equity Multiple
~$7MEst. Current Value
35 daysLOI to Close
1900 North Broadway exterior, Baltimore MD
Current Holding

1900 North Broadway

Baltimore, MD · 26,000 SF

Acquired from a national ministry at 77% occupancy with a 6,000 SF vacancy and below-market rents. Oxford negotiated a complex multi-tenant reconfiguration to accommodate a national dialysis operator, replacing below-market tenancies with market-rate leases and immediately adding $175K to NOI.

$48Basis / SF
3.5×NOI Growth
77% → 100%Occupancy
~4.2×Est. Equity Multiple
$5.5M+Est. Current Value
30 daysLOI to Close
Fairground Village Center — multi-tenant retail strip center, Westminster MD
Realized

Fairground Village Center

Westminster, MD · 30,000 SF · Disposition

Acquired at 80% occupancy. After the largest tenant defaulted (vacancy spiked to 37%), Oxford demised the vacant space into smaller units, enabling rapid lease-up at higher rents. Property maintained near-100% occupancy through disposition. Sold in 2020 at 2× the acquisition basis.

$75Basis / SF
4.5×Equity Multiple
63%+IRR
$4.5MSale Price (2020)
5 yrsHold Period
28 daysLOI to Close

Q1 2026

Actively seeking $1M–$10M shallow-bay industrial and flex acquisitions in Columbus, Kansas City, Indianapolis, and the Mid-Atlantic. All-cash closings in 30–45 days. Comfortable with vacancy, deferred maintenance, and environmental complexity. We are targeting $15M+ in new acquisitions this year.

Updated: Mar 2026