Plymouth Industrial REIT Acquires Industrial Asset From TradeLane Properties In West Chester For $13M

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.