Mason Industrial Property Sells for $4.7M

The metro area’s latest industrial transaction has occurred in Mason. The Cincinnati Fan property, at 7697 Snider Road, was recently acquired by Robinson & Sons, LLC, for $4.7 million. The industrial manufacturing facility is located on a 17.6-acre site. It offers 122,898 square feet of space.

The Greater Cincinnati industrial market has registered 14 consecutive quarters of positive net absorption, most recently on the strength 704,877 square feet absorbed in the fourth quarter of 2014, DTZ reported last month.

More good news: vacancy declined to 5.3 percent by the end of last year, while asking rents stood steady at $3.66 per square foot. DTZ predicted that investment sales will remain strong in 2015, especially for fully leased properties.

Among the latest industrial assets to draw the interest of investors is a manufacturing facility in Mason. Robinson & Sons L.L.C. acquired a 122,898-square-foot building located on a 17.6-acre site at 7697 Snider Road.

According to the PropertyShark website, the facility’s market value is $3.66 million. DTZ represented the seller, Cincinnati Fan, in the transaction. Cincinnati Fan and Ventilator will continue to operate at the property, DTZ noted in a statement.