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Anthony Saladino Of Plymouth Industrial REIT Acquires 21-Building Industrial Portfolio In Ohio For $193M

Property Image
SOLD
$193,000,000

Ohio

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Industrial1,950,000 SF
Sold 06/23/2025
the dealdetailscomps
Property Image
SOLD

Anthony Saladino Of Plymouth Industrial REIT Acquires 21-Building Industrial Portfolio In Ohio For $193M

Industrial1,950,000 SF
Sold 06/23/2025
the dealdetailscomps

Summary

Asset Type:Industrial
Price Per Square Foot:$99
Total Square Footage:1,950,000 SF
Transaction Type:Sale

Plymouth Industrial REIT acquired a 1.95 million square foot industrial portfolio comprising 21 buildings across Columbus, Cincinnati, and Cleveland, Ohio, for $193 million, reflecting a price per square foot of $99. The portfolio is currently 97% leased, and the in-place rents are noted to be 22% below the market, presenting potential for rent increases.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $193,000,000
  • Square Footage: 1,950,000
  • Price per Square Foot: $99
  • Buyer: Anthony Saladino - Plymouth Industrial REIT
  • Market: Columbus, Cincinnati & Cleveland, Ohio
  • Buildings: 21
  • Leased Percentage: 97%
  • In-Place Rents Below Market: 22%

The acquisition significantly expands Plymouth Industrial REIT's footprint in Ohio, increasing their total holdings in the region to over 12 million square feet. This transaction was executed at a 25% discount to the estimated replacement cost of the portfolio.

Players

PR
Plymouth Industrial REIT
BUYER
PR
Plymouth Industrial REIT
BUYER

Details

SOLD
IMAGE: 06/23/2025 ADDRESS: Industrial Portfolio MARKET: Columbus, Cincinnati & & Cleveland, Ohio ASSET TYPE: Industrial BUYER: Anthony Saladino - Plymouth Industrial REIT SALE PRICE: $193,000,000 SF: 1,950,000 ~ PPSF: $99 NOTE: Plymouth Industrial REIT acquired a 1.95M SF, 21-building industrial portfolio across Columbus, Cincinnati, and Cleveland for $193M, marking a 25% discount to replacement cost. The portfolio is 97% leased, with in-place rents 22% below market, offering upside potential and expanding Plymouth’s Ohio footprint to over 12M SF.

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