Updated Dec 4, 2024
Semco Stone Sells Industrial Properties In Cincinnati & Belton For $11M
11864 Centerdale Road & 2515 Semco Drive
$11,000,000
Building Size
—
Asset Type
Industrial
Closing
May 28, 2024
About this deal
AI
The sale involved two industrial properties located at 11864 Centerdale Road in Cincinnati, Ohio, and 2515 Semco Drive in Belton, Missouri. The combined sale price for these assets was $11,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Address: 11864 Centerdale Road, Cincinnati, Ohio & 2515 Semco Drive, Belton, Missouri
- Market: Cincinnati, Ohio & Belton, Missouri
- Seller: Semco Stone
- Brokers: Erik Manarino, John Stroud & Taylor Dintzner - Matthews Real Estate Investment Services
The transaction, facilitated by Matthews Real Estate Investment Services, saw the founder of Semco Stone selling the properties as part of the SiteOne portfolio sale. The sale closed with an all-cash buyer at a 6.55% cap rate, allowing the founder to diversify his real estate and business portfolio.
On the Map
$11,000,000
Industrial
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Players
Cincinnati Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93