Sale of Industrial Properties
Sale of Industrial Properties
SARASOTA, FL—The real estate division of Nickolas announced the recent sale of 5 manufacturing facilities. The properties originally purchased by Nickolas for just over $15.7 million were sold as a package deal for a grand total of $32 million to Arsenault Holdings LLC.
The package deal includes:
- 50,000 sq ft facility at 4425 Windrose Lane Kingman, AZ 86401
- 18,550 sq ft facility at 8390 County Road 140 Findlay, OH 45840
- 96,000 sq ft facility at 1780 S County Road 1, Tiffin, OH 44883
- 72,255 sq ft facility at 206 S Griffith Street Sycamore, OH 44882
- 207,500 sq ft facility at 814 W Lima St Findlay, OH 45840
“This sale was part of a strategic plan to diversify our real estate portfolio freeing up capital to invest in our self storage facilities” Nickolas CEO, Nick Reinhart said. “It was a matter of getting the right lease in place and finding the right buyer.”
About Nickolas
Founded in 2013, Nickolas is a privately owned and operated family office with investments in manufacturing, distribution and real estate across the nation.