Updated Sep 9, 2024
Marcus & Millichap Sells Industrial Property In Westerville, Ohio For $1.03M With Tenant As Buyer
213 East Broadway Avenue Westerville, Ohio 43081, USA
$1,030,000
$114/SF
Building Size
9,010 SF
Asset Type
Industrial
Closing
Aug 24, 2023
About this deal
AI
Marcus & Millichap has recently completed the sale of a 9,010-square-foot industrial property located at 213 East Broadway Avenue in Westerville, Ohio. The property was sold for a price of $1,030,000, reflecting a price per square foot of $114.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,030,000
- Square Footage: 9,010
- Address: 213 East Broadway Avenue, Westerville, Ohio
- Market: Westerville, Ohio
The buyer in this transaction was the tenant, indicating the strength of the property's business fundamentals. Nathan Pealer from Marcus & Millichap's Columbus office represented the buyer in the deal.
Westerville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Nathan Pealer to view all their deals.
Browse Ohio industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93