International firm buys office/warehouse for $5.3 million

International firm buys office/warehouse for $5.3 million

Cincinnati Business Courier, Deal of the Week

Property name: 575 Quality Blvd.

Buyer: Faropoint Ventures

Seller: Bunnell Hill Development Co. Inc.

Listing brokers, firm: Kevin Scott, Henkle Schueler & Associates

Buyer’s broker, firm: Rod MacEachen and Roddy MacEachen, SqFt Commercial

Purchase price: $5.3 million

Deal closed: March 2020

Description of property: A more than 72,000-square-foot office/warehouse free-standing building on 12 acres

Address: 575 Quality Blvd., Fairfield 45014

Behind the deal: This building, leased to Flint Group, is Faropoint’s 10th industrial building acquisition in Greater Cincinnati and Northern Kentucky since summer 2019 with an additional more than $50 million to place in 2020.

Deal of the Week examines a recent noteworthy lease or sale of local commercial property and/or a residential sale; the transaction must exceed a minimum of $1 million.

This article originally appeared on the Cincinnati Business Courier as a Commercial Real Estate Deal of the Week. 

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