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1521 West Michigan Street

Updated May 12, 2025

Moxie Equities & Lido Realty Acquire 33 Acres Industrial Facility In Sidney Ohio For $3.85M
SOLDIndustrial

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.

On the Map

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$3,850,000

$23/SF

Industrial

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Players

Nathan Pealer

Marcus & Millichap

Broker

$10.2M

vol

4 deals

Broker
Lido Realty, LLC
Lido Realty, LLCBuyer

Sidney Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $23 per square foot on a published $3.9M for 165,230 square feet (2025).

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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

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