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Plymouth Industrial REIT Acquires Industrial Asset From TradeLane Properties In West Chester For $13M
SOLD
$13,000,000
Industrial183,178 SF
Sold 05/21/2025
SOLD
Plymouth Industrial REIT Acquires Industrial Asset From TradeLane Properties In West Chester For $13M
9113 Le Saint Drive
See Similar DealsIndustrial183,178 SF
Sold 05/21/2025
Summary
OHIO
Asset Type:Industrial
Price Per Square Foot:$71
Total Square Footage:183,178 SF
Transaction Type:Sale
The sale involved an industrial asset located at 9113 Le Saint Drive in West Chester, OH. The property encompasses 10.9 acres and features a total square footage of 183,178. The transaction concluded at a sale price of $13,000,000, resulting in a price per square foot of $71.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,000,000
- Square Footage: 183,178
- Address: 9113 Le Saint Drive
- Market: West Chester, OH
- Buyer: Plymouth Industrial REIT
- Seller: TradeLane Properties
- Brokers: Steve Timmel, Tim Schenke & Will Roberts - CBRE
The transaction was facilitated by CBRE, which represented TradeLane Properties in the sale. The renovated property, originally built in 1986, is fully leased to three tenants, showcasing its operational viability following the renovations conducted by the seller.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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