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7409 Mink Street Southwest

Henry Steinberg Of EQT Real Estate Acquires 7409 Mink Street Industrial Building For $89M
SOLDIndustrial

Henry Steinberg Of EQT Real Estate Acquires 7409 Mink Street Industrial Building For $89M

7409 Mink Street Southwest

$89,000,000

$47/SF

Building Size

1,892,800 SF

Asset Type

Industrial

Closing

Aug 13, 2025

AI

The property involved in this transaction is an industrial asset located at 7409 Mink Street Southwest in Pataskala, OH. The sale price was set at $89,000,000. This asset encompasses 946,400 square feet and spans across 80 acres, with a price per square foot of $94.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $89,000,000
  • Address: 7409 Mink Street Southwest, Pataskala, OH
  • Square Footage: 946,400
  • Price Per Square Foot: $94
  • Buyer: Henry Steinberg - EQT Real Estate
  • Seller: William C. Smith, Jr. - Red Rock Developments
  • Broker: Alex Cantu - Colliers

This deal involved key players, including Henry Steinberg of EQT Real Estate, who was the buyer, and William C. Smith, Jr. from Red Rock Developments, who served as the seller. Alex Cantu from Colliers represented Red Rock in this transaction.

Players

Alex Cantu

Colliers

Broker

$624.8M

vol

8 deals

Broker
Colliers
ColliersBrokerage

Henry Steinberg

EQT Exeter

Buyer

$2.6B

vol

20 deals

Buyer
EQT Exeter
EQT ExeterBuyer

Pataskala 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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93