Updated Dec 21, 2023
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
About this deal
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.
On the Map
$34,200,000
$235/SF
Industrial
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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