Neil Abraham Of Realty Income Acquires Industrial Property In West Chester For $32.7M

A 25-acre industrial property was sold at 9841-9845 Windisch Road in West Chester, Ohio. The transaction reflected strong demand in the Tri-County/West Chester industrial market, with a sale price of $32.7 million for 282,466 square feet, resulting in a price per square foot of $116. The property was acquired by Realty Income.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $32,700,000
• Address: 9841-9845 Windisch Road
• Market: West Chester, OH
• Buyer: Neil Abraham - Realty Income
• Seller: Clay Duvall & David Binswanger - Lincoln Property Company
• Square Footage: 282,466
• Price per Square Foot: $116
• Acquisition Year: 2026

This transaction marks the largest commercial real estate sale in Greater Cincinnati during the second quarter. The sellers, Clay Duvall and David Binswanger, previously purchased the property for $17.1 million in 2015, indicating a significant appreciation in market value. The vacancy in the market currently stands at 4.2%, highlighting ongoing interest in industrial assets in this area.