A 1.6 million-square-foot warehouse just north of Rickenbacker International Airport has changed hands again, this time for $137 million. The former Whirlpool distribution facility at 6241 Shook Road has now sold twice in roughly a year, keeping the Rickenbacker industrial submarket firmly in the big-money spotlight and underscoring how hungry investors remain for large-format logistics space close to Columbus's freight hub.
How The Deal Shook Out
The sale was first reported by Columbus Business First, which listed the purchase price at $137 million and identified the property as the roughly 1.6 million-square-foot building at 6241 Shook Road. The outlet also noted that this marks the second ownership change for the facility in about a year.
A Rapid-Fire Flip
Q3 market reports show the building last traded in September 2025 for about $118.8 million, which means the asset has gained roughly $18 million in value in under a year. Those reports list the structure at about 1,589,459 square feet and record the 2025 sale at about $74.74 per square foot. That earlier transaction appears in a report from Lee & Associates.
Why Rickenbacker Keeps Drawing Big Money
Developers are rolling out more speculative, Class A product in Lockbourne and across the wider Rickenbacker corridor. VanTrust's Park 762 has been announced as a 1.08-million-square-foot project that will bring new large-format capacity to the submarket, according to the Columbus Chamber via VanTrust Real Estate. Nearby, Anduril's Arsenal-1 manufacturing campus has drawn national attention and is expected to spur supplier and logistics demand in the region, according to AP News.
What To Watch Next
All eyes now shift to what happens inside the building. Watch for lease announcements, tenant disclosures, and any signal on whether the new owner plans to reposition the property or hold it as a long-term net-leased asset. Each choice carries different implications for jobs, truck traffic and nearby land use.
Q3 market reporting and industry data point to steady transaction activity in the Rickenbacker submarket, which helps explain why investors are willing to pay a premium for very large, well-located buildings. Those market dynamics are detailed in institutional market reports and Q3 industry summaries, including work from Lee & Associates.
