facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

Ohio

/

Industrial

/

Sale

/

Sale · Industrial

Updated Dec 4, 2024

NK Parts Acquires Former Norcold HQ Facility In Sidney, OH For $6.5M
SOLDIndustrial

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

About this deal

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

Timothy Echemann

Industrial Property Brokers

Broker

$6.5M

vol

1 deal

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Deal FAQ

About $31 per square foot on a published $6.5M for 205,000 square feet (2023).

Visit Industrial Property Brokers to view all their deals.

Browse Ohio industrial sales on Traded.

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

More Deals