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Washington Church Rd, Miami...

LEASEDIndustrial

Accelevation Secures 264K SF Industrial Lease In Miamisburg, Ohio

Building Size

264,000 SF

Asset Type

Industrial

Closing

Jun 6, 2024

AI

An industrial lease has been secured at First Flight Commerce Center near Dayton. The lease involves a 264,000-square-foot space on Washington Church Road in Miamisburg, Ohio. The property is part of the industrial park, which is set to have six buildings totaling 1.8 million square feet upon completion.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Address: Washington Church Road
  • Market: Miamisburg, Ohio
  • Asset Type: Industrial
  • Square Footage: 264,000

Accelevation, a data center infrastructure manufacturer, is the tenant who will be occupying Building 1 in the first quarter of 2025. Representing the landlord, NorthPoint Development, is Doug Whitten from CBRE. On the tenant side, Bill Buntyn and Todd Cochran of Colliers are the representatives for Accelevation in this lease agreement.

Players

Doug Whitten

CBRE

Broker

$51.3M

vol

4 deals

Broker

Market 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