NAI Daus Represents Owner, Tameran Inc., in the Sale of a Multi Tenant Industrial/Flex Building in Solon, Ohio

NAI Daus Represents Owner, Tameran Inc., in the Sale of a Multi Tenant Industrial/Flex Building in Solon, Ohio
20140724_112624
Cleveland, Ohio – (October 6, 2015) – NAI Daus announced that it represented Tameran Inc. in the disposition of the multi-tenant industrial/flex building at 30300-30340 Solon Industrial Parkway in Solon, Ohio to LKL Properties, Inc.  The 72,600-square-foot, freestanding building was sold for $2,950,000.  David Hexter, SIOR, Partner and Jeffrey Calig, CCIM, Senior Vice President of NAI Daus represented the seller in this transaction.

Hexter explains that investment buyers are looking for quality industrial buildings with credit-worthy tenants. The property is located in Solon, a very desirable industrial market for both users and investors. “My partner and I began leasing the building during the downturn. Now that the market has strengthened and we are near full occupancy, the owner had the opportunity to maximize his return on investment by selling” said Hexter. In the last year, cap rates have been more inline with seller’s expectations. “It’s an ideal time to sell,” said Hexter.

 

Advertisements

About NAI Daus

Full service commercial real estate and property management company serving Northeast Ohio. #CRE #CLE
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s