Tempus Realty Partners achieves strong ROI with sale of Ohio industrial property
Tempus Realty Partners, a Little Rock-based real estate investment partnership, recently sold a 114,485-square-foot industrial building.
DP 149 LLC purchased the Hilliard, Ohio, property for $7.6 million. It remains fully leased to metal fabricator S&G Manufacturing.
The deal closed on May 12. Tempus announced the details Wednesday (May 24).
“This sale marks the completion of another great success for our team in the Columbus metropolitan statistical area,” Tempus CEO Dan Andrews said in a news release. “It’s a testament to the strength of our team here in Little Rock and our partners in Columbus that we’re able to deliver such an outstanding result in the current economic environment.”
The investment property is near downtown Columbus. The building includes seven dock doors and three overhead doors. Tempus paid $5.75 million for the property in December 2020.
Tempus said the Ohio transaction represents the company’s 18th consecutive sales transaction to exceed return expectations.