B+E Announces Sale of Wesco Distribution Center for $3.35 Million
B+E, a tech-driven brokerage and trading platform for net lease real estate, announced the sale of the Wesco distribution center, located at 2256 Citygate Drive in Columbus, Ohio, for $3,350,000.
The +/- 33,197 square foot, triple net lease industrial/ office property was built in 2000 and renovated in 2007 and carries a cap rate of 7.93 percent, with four plus years of remaining lease term. The buyer is Third Coast, a 1031 exchanger from Grand Rapids, Mich. The seller is a private individual.