Daniel J. Goldstein Acquires Industrial Property In Ohio For $18.25M

The industrial property located at 7501 Performance Lane in North Ridgeville, Ohio, was recently sold for $18.25 million. The property spans 347,205 square feet and was acquired by Daniel J. Goldstein of Royal Oak Realty Trust from Edward V. LaPuma of LCN.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18,250,000
• Address: 7501 Performance Lane
• Market: North Ridgeville, Ohio
• Buyer: Daniel J. Goldstein - Royal Oak Realty Trust
• Seller: Edward V. LaPuma - LCN
• SF: 347,205
• PPSF: $53

The property, currently fully leased by Riddell Sports Groups, comes with an $18.25 million loan at a 4.04 percent coupon rate. The loan is set to mature in 2027 and amortize on a 25-year schedule. Royal Oak Realty Trust's purchase price of $18.25 million reflects a significant transaction in the industrial real estate market of Ridgeville, Ohio.