International Firm Buys Office/Warehouse for $5.3 Million

International Firm Buys Office/Warehouse for $5.3 Million

Schueler Group’s commercial real estate development company, Bunnell Hill Development, closed a deal with Faropoint Ventures this month that totaled $5.3 million. Faropoint’s Flint Group chose one available warehouse/office space for lease at Bunnell Hill’s land holdings in Butler County, Ohio. Our commercial real estate agent, Kevin Scott, with Henkle Schueler & Associates, was the listing agent for this deal.

This accretion is the newest of Faropoint’s many acquisitions of industrial properties for sale or lease in the Cincinnati, OH-KY-IN Metropolitan Areas since they entered the region in mid-2019. Faropoint’s lease with Schueler Group will ensure their new warehouse space will be tailored to their needs and will include ongoing, comprehensive site management services by our property management division.

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We are committed to helping our clients with their business expansion because it allows for all of us to grow the commercial industry and local economies of the Southwest Ohio and Northern Kentucky regions. Our list of real estate agents and commercial property developers ensures that we can succeed in providing positive business growth.

Details of the Deal

The following information on the deal originally appeared as an article in the Cincinnati Business Courier as a Commercial Real Estate 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 the Greater Cincinnati and Northern Kentucky area since the summer of 2019, with 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 in the Cincinnati Business Courier as a Commercial Real Estate Deal of the Week.


How You Can Find the Best Commercial Property for Sale

Commercial real estate companies are expanding their available industrial and commercial land to buy in the Southwest Ohio and Northern Kentucky areas. The landscape in this area is easy to build on and it’s close to the major interstate of I-75. When purchasing commercial property, it’s best to go with a local commercial real estate company that is well established in the area. You want a company that knows the local codes, has the best brokers and contractors, and has the ability to get you through the entire buying and developing process so that you can be sure you’re growing business is set up for success.

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