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EQT Exeter Acquires Red Chip Farms Building B In Pataskala Ohio For $89M

Property Image
SOLD
$89,000,000
Alex Cantu
Alex Davenport

Ohio

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Industrial946,400 SF
Sold 08/14/2025
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Property Image
SOLD

EQT Exeter Acquires Red Chip Farms Building B In Pataskala Ohio For $89M

7409 Mink Street Southwest

See Similar Deals
Industrial946,400 SF
Sold 08/14/2025
Alex Cantu
Alex Davenport
the dealplayerscompscontact
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Summary

OHIO
Asset Type:Industrial
Price Per Square Foot:$94
Total Square Footage:946,400 SF
Transaction Type:Sale

The property asset involved in this transaction is the Red Chip Farms Building B, which is located at 7409 Mink Street Southwest in Pataskala, Ohio. It comprises 946,400 square feet and is situated on 83 acres. The facility features a Class A design with 40-foot ceilings and 48 dock levelers, in addition to ample trailer parking. The sale was finalized for a total price of $89,000,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $89,000,000
  • Buyer: EQT Exeter
  • Seller: Red Rock Developments
  • Brokers: Alex Cantu & Alex Davenport - Colliers
  • Square Footage: 946,400
  • Price Per Square Foot: $94
  • Market: Pataskala, OH
  • Acreage: 83

The deal was brokered by Alex Cantu and Alex Davenport from Colliers, who represented the buyer, EQT Exeter, and the seller, Red Rock Developments. The property was completed in 2024 and is fully leased to Illuminate USA.

Players

Alex Cantu
Colliers
Alex Cantu
8 deals$624.8M volume
BROKER
Alex Davenport
Colliers
Alex Davenport
7 deals$359.9M volume(317) 713-2104
BROKER
Colliers
Colliers
BROKERAGE
EQT Exeter
EQT Exeter
BUYER

Details

SOLD
IMAGE: 08/14/2025 ADDRESS: 7409 Mink Street Southwest MARKET: Pataskala, OH ASSET TYPE: Industrial ~ ACRES: 83 BUYER: EQT Exeter SELLER: Red Rock Developments BROKERS: Alex Cantu & Alex Davenport - Colliers SALE PRICE: $89,000,000 SF: 946,400 ~ PPSF: $94 NOTE: EQT Exeter bought the 946,400-square-foot Red Chip Farms Building B in Pataskala, Ohio, from Red Rock Developments for $89.1 million. Completed in 2024 and fully leased to Illuminate USA, the Class A facility sits on 83 acres with 40-foot ceilings, 48 dock levelers and ample trailer parking.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,746,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$316,198.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$421,905.41
Annual Debt Service$5,062,864.87