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21Go Projects LLC Purchases 250 Acres In Plain City From Brian Schottenstein For $81.8M
SOLD
$81,800,000
Land
Sold 12/05/2025
SOLD
21Go Projects LLC Purchases 250 Acres In Plain City From Brian Schottenstein For $81.8M
Land
Sold 12/05/2025
Summary
Asset Type:Land
Transaction Type:Sale
A land sale was completed at 10045 Route 161 in Plain City, OH, involving a total of 250 acres. The land was acquired by 21Go Projects LLC for a price of $81,800,000, translating to $325,000 per acre, a record high for industrial land in the Columbus market.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $81,800,000
- Address: 10045 Route 161
- Market: Plain City, OH
- Acres: 250
- Buyer: 21Go Projects LLC
- Seller: Brian Schottenstein - Schottenstein Real Estate Group
- Buyer's Representative: Terry Coyne - Newmark
- Seller's Representative: Michael Copella - CBRE
This transaction highlights that Schottenstein Real Estate Group sold the land in Darby Township, Central Ohio, reflecting the increasing demand for data centers in the area, even though the site is located outside major industrial hubs and highways.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$290,618.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$387,773.73
Annual Debt Service$4,653,284.79
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