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Plymouth Industrial REIT Acquires Small Bay Industrial Portfolio in Cincinnati for $20.1 Million

Dec 20, 2024over 1 year ago

Contract Type

contract

BostonReal Estate

Description

Plymouth Industrial REIT, Inc. has completed the acquisition of a portfolio of primarily small bay industrial properties in Cincinnati, Ohio for $20.1 million. The portfolio includes nine buildings totaling 258,082 square feet and is currently 96.9% leased to 23 tenants with a weighted average lease term of approximately 2.75 years. Additionally, the company has a second tranche of this portfolio under contract for $17.9 million, consisting of four buildings totaling 240,578 square feet and expected to close in the first quarter of 2025.

Company Information

Company

Plymouth Industrial REIT

Location

Boston, Massachusetts, United States

About

Plymouth Industrial REIT, Inc. is a full-service real estate company with a proven track record of success investing in and operating properties in primary and secondary industrial markets.

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