Property Location: 27 properties located In Piqua, Tipp City, and Sidney, Ohio
Midwest Properties acquired the Bensar Properties Portfolio, a 3.6 million square foot portfolio consisting of 27 properties, 26 industrial buildings, and 35 tenants, ranging from Piqua, Ohio up to Sidney, Ohio in 2021. In addition to the property, the seller operated a 3rd party logistics company which was also included in the sale, making it unique as well as difficult for most real estate investors to evaluate. The acquisition marked the largest in Midwest Properties’ history doubling the portfolio size and making us one of the largest private industrial real estate companies in Cincinnati, Ohio. We were able to place the portfolio under contract, complete inspections, including 3rd party reports on all 27 properties, procure financing, and close in under 90 days without re-trading the seller or extending the timeline. In addition we acquired the logistics company and onboarded all of the personnel to ensure a seamless transition of ownership and operation.
