Updated Aug 13, 2026
Ares Management Acquires Industrial Property In Lockbourne For $27.7M
2315 Creekside Parkway
$27,700,000
Units
253,686
Asset Type
Industrial
Closing
Jun 26, 2025
About this deal
AI
The property asset involved in this transaction is located at 2315 Creekside Parkway, Lockbourne, OH, encompassing an industrial space with a total of 253,686 square feet. The transaction was completed for a price of $27,700,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,700,000.00
- Address: 2315 Creekside Parkway
- Market: Lockbourne, OH
- Units: 253,686
- Buyer: Ares Management
Ares Management acted as the buyer in this transaction, acquiring the industrial property to enhance their portfolio. This deal reflects the company's strategy to invest in real estate within key markets.
On the Map
$27,700,000
Industrial
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Players
Lockbourne 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93