@dave r said:
Joe, how did the component axes get set so far away from the geometry? Makes you wonder, don't it?
At a guess, that subcomponent was probably part of something else, which was then mostly deleted and then saved/imported into the new component.
IIRC, the worst one I've seen was a lamppost from the warehouse that was a couple hundred feet from the origin. I figure somebody had a street scene, then deleted everything but the lamppost and did a save as.