Plymouth Industrial REIT Acquires Industrial Assets In Troy, Ohio For $22.5M

Plymouth Industrial REIT has acquired an industrial property in Troy, Ohio for a sale price of $22,500,000. The property, located at 2180 Corporate Drive, 1520 Experiment Farm Road, and 952 Dorset Road, spans a total of 396,800 square feet. The transaction represents a price per square foot of $57. Culmen Real Estate Services acted as the seller, while the buyer was represented by CBRE brokers Steve Timmel, Jeff Johnston, Will Roberts, Chris Prosser, and Doug Whitten.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22,500,000
• Address: 2180 Corporate Drive, 1520 Experiment Farm Road, and 952 Dorset Road
• Market: Troy, Ohio
• Buyer: Plymouth Industrial REIT
• Seller: Culmen Real Estate Services
• Brokers: Steve Timmel, Jeff Johnston, Will Roberts, Chris Prosser, and Doug Whitten - CBRE
• Square Footage: 396,800
• Price per Square Foot: $57

The acquisition of this industrial property in Troy, Ohio was facilitated by Plymouth Industrial REIT. Culmen Real Estate Services acted as the seller in the transaction. The buyer, represented by CBRE brokers Steve Timmel, Jeff Johnston, Will Roberts, Chris Prosser, and Doug Whitten, successfully closed the deal at a price of $22,500,000. The property, covering a total area of 396,800 square feet, is located at 2180 Corporate Drive, 1520 Experiment Farm Road, and 952 Dorset Road.