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511 Byers Road, Miamisburg,...

Heritage Acquisitions LLC Acquires Industrial Property In Miamisburg, Ohio For $10.8M
SOLDIndustrial

Heritage Acquisitions LLC Acquires Industrial Property In Miamisburg, Ohio For $10.8M

511 Byers Road, Miamisburg, Ohio, USA

$10,800,000

$54/SF

Building Size

197,731 SF

Asset Type

Industrial

Closing

Oct 20, 2021

AI

Heritage Acquisitions LLC has acquired an industrial property located at 511 Byers Road in Miamisburg, Ohio. The property, with a total square footage of 197,731, was sold by Industrial Commercial Properties LLC for a price of $10,800,000. This amounts to a price per square foot of $55.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,800,000
  • Square Footage: 197,731
  • Address: 511 Byers Road, Miamisburg, Ohio
  • Market: Miamisburg, Ohio

The deal was facilitated by the brokers Steve Timmell, Will Roberts, Jeff Johnston, Chris Prosser, and Doug Whitten of CBRE.

Players

Steve Timmel

CBRE

Broker

$111.8M

vol

9 deals

Broker
Industrial Commercial Properties LLC
Industrial Commercial Properties LLCSeller

Miamisburg 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

1.47%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93