The real estate division of Nickolas announced the recent sale of manufacturing space at 2040 Production Drive in Findlay, Ohio. The 180,000 square foot distribution center fully leased by American Plastics was originally purchased in 2016 for $5.4 million. The recent sale was for $11 million to Gladstone Commercial.
“We knew we had a good deal when we acquired this property at an attractive price. It was a matter of getting the right lease in place and finding the right buyer.”
Stated Nickolas CEO, Nick Reinhart