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2255 Parsons Avenue

Stonemont Financial Group Signs 338,509 Square Foot Lease At Castings Commerce Park In Columbus
LEASEDIndustrial

Stonemont Financial Group Signs 338,509 Square Foot Lease At Castings Commerce Park In Columbus

2255 Parsons Avenue

Building Size

338,509 SF

Asset Type

Industrial

Closing

Jun 8, 2026

AI

The asset involved in this transaction is an industrial property located at 2255 Parsons Avenue, Columbus, OH. The property spans 338,509 square feet and is part of an 862,000-square-foot industrial development, Castings Commerce Park, which is now 96% leased. The development comprises three buildings and is situated near downtown Columbus with convenient access to highways and logistics.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Specified
  • Address: 2255 Parsons Avenue
  • Market: Columbus, OH
  • Asset Size: 338,509 SF
  • Landlord: Stonemont Financial Group
  • Brokers: Joe Kimener & Beau Taggart - KBC Advisors

Stonemont Financial Group secured the lease for the property, effectively occupying Building 1 of the development. Brokers Joe Kimener and Beau Taggart from KBC Advisors were instrumental in facilitating this deal, contributing to the continued demand for industrial space in the Ohio market.

Players

Joe Kimener

KBC Advisors

Broker

2 deals

Broker
Stonemont Financial Group
Stonemont Financial GroupLandlord

Avon Lake Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93