Updated Oct 7, 2026
SOLDIndustrial
Sealy & Co. Acquires Industrial Distribution Center In Fairfield Ohio For $29.05M From Raith Capital Partners
375 Distribution Circle
$29,050,000
$90/SF
Building Size
322,941 SF
Asset Type
Industrial
Closing
Oct 5, 2026
About this deal
AI
The property asset involved in this transaction is located at 375 Distribution Circle in Fairfield, Ohio. It is an industrial asset covering 24.3 acres, with a total square footage of 322,941. The sale price for the property was $29,050,000, correlating to a price per square foot of $90.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $29,050,000
- Address: 375 Distribution Circle
- Market: Fairfield, OH
- Acres: 24.3
- Square Footage: 322,941
- Price per Square Foot: $90
- Buyer: Sealy & Co.
- Seller: Raith Capital Partners
- Brokers: Michael Tenteris, Adam Tyler, James Carpenter, Megan Barker, Jeff Bender, Seattle Stein, Jeff Altenau & Zach Yarnoff - Cushman & Wakefield
This transaction marks Sealy & Co.'s first acquisition in the Cincinnati market. The property is fully leased to Smurfit Westrock and was previously acquired by Raith Capital Partners for $19.5 million in 2023.
On the Map
$29,050,000
$90/SF
Industrial
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Players
SC
Sealy & Co.Buyer
RP
Raith Capital PartnersSeller
Circle 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93