NK Parts Acquires Former Norcold HQ Facility In Sidney, OH For $6.5M
$6,500,000
$31/SF
Building Size
205,000 SF
Asset Type
Industrial
Closing
Oct 17, 2023
AI
NK Parts, a company specializing in logistics and supply chain management for the automotive industry, has acquired the former Norcold headquarters facility at 600 Kuther Road in Sidney, Ohio, for $6.5 million. The industrial property spans a total of 205,000 square feet and is priced at $32 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,500,000
- Square Footage: 205,000 SF
- Price per Square Foot: $32
- Address: 600 Kuther Road, Sidney, OH
- Market: Sidney, OH
- Buyer: Craig Sherman - NK Parts
- Brokers: Conrad Echemann & Tim Echemann - Industrial Property Brokers
Craig Sherman, the representative of NK Parts, played a key role in this acquisition. Together with the brokers, Conrad Echemann and Tim Echemann of Industrial Property Brokers, they successfully finalized the deal for the former Norcold headquarters facility. This strategic purchase will enable NK Parts to expand its operations and strengthen its position in the automotive industry.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93