Matthews Real Estate Investment Services Sells Industrial Property In Highland Hills, Ohio For $34.2M
23000 Harvard Road, Highland Hills, Ohio 44122, United States
$34,200,000
$235/SF
Building Size
145,000 SF
Asset Type
Industrial
Closing
Jan 5, 2022
AI
An industrial property located at 23000 Harvard Road in Highland Hills, Ohio has been sold for a transaction amount of $34,200,000. The property spans across 145,000 square feet, resulting in a price per square foot of $236.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $34,200,000
- Square Footage: 145,000
- Price Per Square Foot: $236
- Address: 23000 Harvard Road, Highland Hills, Ohio
- Market: Highland Hills, Ohio
The sale of this industrial property was facilitated by Chad Kurz of Matthews Real Estate Investment Services.
Players
Beachwood 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93