Updated May 12, 2025
Moxie Equities & Lido Realty Acquire 33 Acres Industrial Facility In Sidney Ohio For $3.85M
1521 West Michigan Street
$3,850,000
$23/SF
Building Size
165,230 SF
Asset Type
Industrial
Closing
Mar 27, 2025
About this deal
AI
The property involved in this transaction is an industrial facility located at 1521 West Michigan Street in Sidney, Ohio. The sale, completed on March 27, 2025, involved a total asset area of 33 acres and featured a building size of 165,230 square feet. The transaction was finalized at a sale price of $3,850,000, reflecting a price per square foot of $23.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,850,000
- Address: 1521 West Michigan Street, Sidney, OH
- Asset Size: 33 acres
- Building Size: 165,230 square feet
- Price Per Square Foot: $23
- Buyer: Moxie Equities & Lido Realty
- Seller: Reliable Castings Corporation
- Broker: Nathan Pealer - Marcus & Millichap
Broker Nathan Pealer from Marcus & Millichap facilitated this transaction amidst a complex bankruptcy and business wind-down involving the seller, Reliable Castings Corporation. Both Moxie Equities and Lido Realty plan to renovate and lease the acquired space following the purchase.
Sidney 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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93