Marcus & Millichap closed the sale of a 165,230-square-foot industrial facility in Sidney, Ohio, for $3.85 million.
Nathan Pealer, investment specialist in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, Reliable Castings Corporation, and procured the buyer, Moxie Equities and Lido Realty.
Located at 1521 Michigan St., the property sits on more than 33 acres at the intersection of Interstate 75 and Michigan Street. Formerly home to Reliable Castings, the site includes heavy manufacturing capacity, a machine shop, warehouse, distribution spaces and offices. The buyer plans to improve and lease the property, and marketing efforts are already underway.
