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Accelevation Secures 264K SF Industrial Lease In Miamisburg, Ohio

LEASED

Ohio

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Industrial264,000 SF
Leased 06/06/2024
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LEASED

Accelevation Secures 264K SF Industrial Lease In Miamisburg, Ohio

Industrial264,000 SF
Leased 06/06/2024
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Summary

Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:264,000 SF
Transaction Type:Lease

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
3 deals$33.3M volume
BROKER

Bill Buntyn
Colliers
3 deals
BROKER

Details

LEASED
IMAGE: 06/06/2024 ADDRESS: Washington Church Road MARKET: Miamisburg, Ohio ASSET TYPE: Industrial ~ SF: 264,000 LANDLORD: NorthPoint Development TENANT: Accelevation LANDLORD'S REP: Doug Whitten - CBRE TENANT'S REP: Bill Buntyn & Todd Cochran - Colliers NOTE: Accelevation, a data center infrastructure manufacturer, has secured a 264,000-square-foot industrial lease at First Flight Commerce Center near Dayton. Scheduled to occupy Building 1 in the first quarter of 2025, Accelevation's lease contributes to the development of the industrial park, which will comprise six buildings totaling 1.8 million square feet upon completion. Doug Whitten of CBRE represented the landlord, NorthPoint Development, while Bill Buntyn and Todd Cochran of Colliers represented the tenant.

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Deal Type
Effective Rent (Annual)

$15,132,320.69

Total Lease Value

$151,323,206.91

Net Landlord Cash Flow$15,132,320.69