Updated Oct 29, 2024
Iconic Equities Acquires Industrial Property In Columbus, Ohio For $12.7M
3275 Alum Creek Drive
$12,700,000
$40/SF
Building Size
316,266 SF
Asset Type
Industrial
Closing
Mar 29, 2023
About this deal
AI
A 316,266 square foot industrial property located at 3275 Alum Creek Drive in Columbus, Ohio has been sold for $12,700,000. The buyer, Tim Bishop, represented by Iconic Equities, a Miami-based company, acquired the property from the seller, Todd Davis of TTDB. The sale price equates to a price per square foot of $40.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,700,000
- Address: 3275 Alum Creek Drive, Columbus, Ohio
- Market: Columbus, Ohio
- Buyer: Tim Bishop - Iconic Equities
- Seller: Todd Davis - TTDB
- Broker: Derek Lichtfuss - Newmark
This acquisition marks Iconic Equities' second purchase in Columbus within the last six months. The deal was facilitated by Derek Lichtfuss of Newmark.
On the Map
$12,700,000
$40/SF
Industrial
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Players
Market 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
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93