Dax T.S. Mitchell Of MAG Capital Partners Acquires Industrial Portfolio From Seller Robbins Sports Surfaces
4777 Eastern Avenue
Building Size
352,625 SF
Asset Type
Industrial
Closing
Apr 4, 2025
AI
The transaction involved an industrial portfolio consisting of six sites located at 4777 Eastern Avenue, 3626 Round Bottom Road, 747 Bissell Street, N3291 County Rd M, 445 Greenwood Street, and 844 Highway M28. This portfolio encompasses a total square footage of 352,625 SF and is situated across various markets, including Cincinnati and Newtown, OH; White Lake, WI; Ishpeming and Kenton, MI.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Buyer: Dax T.S. Mitchell
- Buyer's Company: MAG Capital Partners
- Broker Representatives: Joe DiGennaro & Phil DiGennaro
- Broker Agency: STREAM Capital Partners
MAG Capital Partners acquired the industrial portfolio in a sale-leaseback transaction with Robbins Sports Surfaces, which will continue to occupy the properties post-sale. The involved brokers, Phil and Joe DiGennaro from STREAM Capital Partners, represented the seller in this transaction.
Players
Cincinnati 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93