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9555 Dry Fork Road, Harriso...

MDH Partners Acquires Industrial Property In Harrison, OH For $36M
SOLDIndustrial

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

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

Joshua Peck

GFI Realty Services

Broker

$232M

vol

13 deals

Broker
MDH Partners
MDH PartnersBrokerage
MDH Partners
MDH PartnersBuyer

Harrison Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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