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
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