TradeLane Properties Acquires 41,060 square foot Industrial Building in Fairfield, OH
West Chester, OH – TradeLane Properties, a privately held Industrial Real Estate company, has purchased 3825 Symmes Road, a single-tenant industrial building totaling 41,060 square feet located in Fairfield, OH. 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’- 26’ clear height, one drive-in-door, 1,000 amps of power, 110’ 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.
About TradeLane Properties
TradeLane Properties is a privately held industrial real estate company committed to harnessing its founders’ expertise in acquiring, developing, redeveloping, and operating industrial real estate facilities focused on the Central U.S. markets of Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Atlanta, and Dallas-Fort Worth. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.