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Plymouth Industrial REIT Acquires Industrial Assets In Troy, Ohio For $22.5M

2180 Corporate Drive, 1520 Experiment Farm Road & 952 Dorset Road
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This Industrial property located in OH was sold for $22,500,000 over 2 years ago. The brokers of the deal were Doug Whitten, Christopher "Chris" Prosser, Jeff Johnston, Will Roberts, and Steve Timmel

Plymouth Industrial REIT has acquired an industrial property in Troy, Ohio for a sale price of $22,500,000. The property, located at 2180 Corporate Drive, 1520 Experiment Farm Road, and 952 Dorset Road, spans a total of 396,800 square feet. The transaction represents a price per square foot of $57. Culmen Real Estate Services acted as the seller, while the buyer was represented by CBRE brokers Steve Timmel, Jeff Johnston, Will Roberts, Chris Prosser, and Doug Whitten.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $22,500,000
  • Address: 2180 Corporate Drive, 1520 Experiment Farm Road, and 952 Dorset Road
  • Market: Troy, Ohio
  • Buyer: Plymouth Industrial REIT
  • Seller: Culmen Real Estate Services
  • Brokers: Steve Timmel, Jeff Johnston, Will Roberts, Chris Prosser, and Doug Whitten - CBRE
  • Square Footage: 396,800
  • Price per Square Foot: $57

The acquisition of this industrial property in Troy, Ohio was facilitated by Plymouth Industrial REIT. Culmen Real Estate Services acted as the seller in the transaction. The buyer, represented by CBRE brokers Steve Timmel, Jeff Johnston, Will Roberts, Chris Prosser, and Doug Whitten, successfully closed the deal at a price of $22,500,000. The property, covering a total area of 396,800 square feet, is located at 2180 Corporate Drive, 1520 Experiment Farm Road, and 952 Dorset Road.

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  • Location
    2180 Corporate Drive, Troy, Ohio, USA2180 Corporate Drive, Troy, Ohio, USA
  • Sale Price
    $22,500,000$22,500,000
    $56 PPSF$56 PPSF
  • Area
    396,800 SF396,800 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Will Roberts

Will Roberts

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Sold$33.3M

Steve Timmel

Steve Timmel

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Sold$33.3M

Jeff Johnston

Jeff Johnston

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Sold$33.3M

Doug Whitten

Doug Whitten

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Sold$33.3M

Agency

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

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Deal Summary

SALE IMAGE: Steve Timmell, Doug Whitten, Chris Prosser, Will Roberts & Jeff Johnston DATE: 12/02/2021 ADDRESS: 2180 Corporate Drive, 1520 Experiment Farm Road & 952 Dorset Road MARKET: Troy, Ohio ASSET TYPE: Industrial BUYER: Plymouth Industrial REIT SELLER: Culmen Real Estate Services BROKERS: Steve Timmel, Jeff Johnston, Will Roberts, Chris Prosser & Doug Whitten - CBRE SALE PRICE: $22,500,000 SF: 396,800 ~ PPSF: $57

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2180 Corporate Drive, 1520 Experiment Farm Road & 952 Dorset Road

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