MDH Partners Acquires Industrial Property In Harrison, OH For $36M
9555 Dry Fork Road, Harrison, Ohio, USA
$36,000,000
$61/SF
Building Size
588,166 SF
Asset Type
Industrial
Closing
Aug 11, 2021
AI
The industrial property located at 9555 Dry Fork Road, Harrison, Ohio (Cincinnati MSA) has been sold for a total price of $36,000,000. The property spans a total area of 588,166 square feet, resulting in a price per square foot of $61. This transaction took place on 08/11/2021 in the Harrison, OH market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $36,000,000
- Address: 9555 Dry Fork Road, Harrison, Ohio (Cincinnati MSA)
- Market: Harrison, OH
- Seller: @LightstoneGroup - Sanford Blumenthal & David Lichtenstein
- Buyer: MDH Partners - Houston Hawley
- Buyer's Rep: Joshua Peck & Susan Annis - GFI Realty Services
The sale of this industrial property was facilitated by the seller's representatives, Sanford Blumenthal and David Lichtenstein from @LightstoneGroup, and the buyer's representatives, Joshua Peck and Susan Annis from GFI Realty Services. This successful transaction demonstrates the strength of the industrial market in Harrison, Ohio.
Players
Harrison 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93