TradeLane Properties has purchased 3825 Symmes Road, a single tenant industrial building totaling 41,060 square feet located in Fairfield, Ohio. Constructed in 1990 and later expanded in 1994, this free-standing industrial building is situated on 3.80 acres and features six dock high doors, 20- to 26-foot clear height, one drive-in-door, 1,000 amps of power, 110-foot truck court depth and 33 auto stalls.
Purchased within the TradeLane Properties U.S. Industrial Fund II, a value-add investment fund focused on key Central U.S. logistics markets, this investment was 100% occupied at the time of closing on a six-month leaseback. As part of its value-add investment strategy, TradeLane Properties will perform significant asphalt and concrete improvements, full exterior building paint, as well as major landscape upgrades and interior renovations.
The acquisition of TLP 3825 Symmes is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through dedicated in-house capabilities including Leasing, Accounting, Construction, and Property Management teams.
TradeLane Properties would like to thank the Sqft Commercial team, Franklin Law Firm, PLLC and Wintrust Bank for their assistance in this transaction.
