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W.P. Carey Acquires Industrial Property In Groveport, OH For $30M

Property Image
SOLD
$30,000,000

Ohio

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Industrial566,981 SF
Sold 10/20/2021
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Property Image
SOLD

W.P. Carey Acquires Industrial Property In Groveport, OH For $30M

4440 Hamilton Scipio Road, Hamilton, OH, USA

See Similar Deals
Industrial566,981 SF
Sold 10/20/2021
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Summary

OHIO
Asset Type:Industrial
Price Per Square Foot:$52
Total Square Footage:566,981 SF
Transaction Type:Sale

Located at 4440 Hamilton Scipio Road in Groveport, OH, this industrial property was recently sold for a whopping $30,000,000. With a total square footage of 566,981, the property translates to a price per square foot of $52. It was a closed transaction, with no additional details available.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $30,000,000
  • Address: 4440 Hamilton Scipio Road, Groveport, OH
  • Market: Groveport, OH
  • Buyer: W.P. Carey
  • Buyer's Representative: Joshua Peck & Susan Annis - GFI Realty
  • Seller's Representative: Yisroel Pershin - GFI Realty
  • Total Square Footage: 566,981
  • Price Per Square Foot: $52

The buyers, W.P. Carey, were represented by Joshua Peck and Susan Annis from GFI Realty. On the other hand, Yisroel Pershin, also from GFI Realty, acted as the seller's representative in the deal. These key individuals and companies played a crucial role in the successful transaction. As the deal has been closed, there is no additional information available.

Players

Yisroel Pershin
13 deals$230M volume
BROKER

Joshua "Josh" Peck
GFI Realty Services
13 deals$232M volume
BROKER

Susan Annis
GFI Realty Services
12 deals$225.3M volume
BROKER

Details

SOLD
IMAGE: Joshua Peck, Susan Annis & Yisroel Pershin ADDRESS: 4440 Hamilton Scipio Road MARKET: Groveport, OH ASSET TYPE: Industrial BUYER: W.P. Carey BUYER’S REP: Joshua Peck & Susan Annis - GFI Realty (@GFIRealty) SELLER’S REP: Yisroel Pershin - GFI Realty (@GFIRealty) SALE PRICE: $30,000,000 SF: 566,981 ~ PPSF: $52

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,600,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66