Heritage Acquisitions LLC Acquires Industrial Property In Miamisburg, Ohio For $10.8M
SOLD
$10,800,000
+ 2
Industrial197,731 SF
Sold 10/20/2021
SOLD
Heritage Acquisitions LLC Acquires Industrial Property In Miamisburg, Ohio For $10.8M
511 Byers Road, Miamisburg, Ohio, USA
See Similar DealsIndustrial197,731 SF
Sold 10/20/2021
+ 2
Summary
OHIO
Asset Type:Industrial
Price Per Square Foot:$54
Total Square Footage:197,731 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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