Press Release
CBRE Arranges $5.325M Sale of 29,800-SF Industrial Building in Monroe, Ohio
November 4, 2021
Media Contact
Corp Communications Manager
Monroe, Ohio – Nov. 4, 2021 – CBRE has arranged the sale of a 29,800-square-foot industrial building located at 200 Edison Drive in Monroe, Ohio. Omega Industrial Realty, LLC purchased the property from Cincinnati Commercial Contracting for $5.325 million.
CBRE’s Will Roberts, Jeff Johnston, Steve Timmel and Chris Prosser represented the seller in the transaction.
“As we have seen throughout 2021, single tenant net-leased industrial properties continue to have extraordinary demand,” said CBRE’s Roberts. “There is an abundance of investor capital looking to place money in Ohio, which continues to prompt aggressive pricing and a considerable amount of offers from across the country.”
Situated in the 30-acre Park 63 Industrial Park, the one-story newly constructed building is 100 percent leased to a single tenant on a long-term lease. The property features 20-foot clear height, eight drive-ins and four docks with immediate access to State Route 63 and Interstate 75.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.