Wilson Investment Nabs Cincinnati Industrial Portfolio
- Jul 04, 2018
Wilson Investment Properties has acquired a five-property industrial portfolio in the Cincinnati metro area using financing obtained from a number of individual investors. The assets span a total of 100,656 square feet. According to the buyer, the properties were bought at a 9 percent cap rate, 150 basis points over the market’s median cap rate of 7.5 percent.
The properties are located 8 miles from downtown Cincinnati and 3 miles from Cincinnati/Northern Kentucky International Airport, where Amazon bought 210 acres to build its $1.5 billion CVG cargo hub. They boast full occupancy, the tenants being part of the local market.
“These offerings allow our investors, many of whom are in the technology field, to diversify their investments outside of stocks and Wall Street,” said Tom Wilson, principal of Wilson Investment Properties, in a prepared statement. “Many of our clients love that they can invest in an institutional-grade product for as little as $50,000 by utilizing the expertise of an experienced syndicator.”
Image courtesy of Wilson Investment Properties