Daniel J. Goldstein Acquires Industrial Property In Ohio For $18.25M
7501 Performance Lane
Industrial
347,205 SF
347,205 SF
Sold 24 days ago
Summary
The industrial property located at 7501 Performance Lane in North Ridgeville, Ohio, was recently sold for $18.25 million. The property spans 347,205 square feet and was acquired by Daniel J. Goldstein of Royal Oak Realty Trust from Edward V. LaPuma of LCN.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,250,000
- Address: 7501 Performance Lane
- Market: North Ridgeville, Ohio
- Buyer: Daniel J. Goldstein - Royal Oak Realty Trust
- Seller: Edward V. LaPuma - LCN
- SF: 347,205
- PPSF: $53
The property, currently fully leased by Riddell Sports Groups, comes with an $18.25 million loan at a 4.04 percent coupon rate. The loan is set to mature in 2027 and amortize on a 25-year schedule. Royal Oak Realty Trust's purchase price of $18.25 million reflects a significant transaction in the industrial real estate market of Ridgeville, Ohio.
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7501 Performance Lane
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