{"id":1004292155,"date":"2019-01-16T06:49:51","date_gmt":"2019-01-16T14:49:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004292155"},"modified":"2021-05-15T03:48:13","modified_gmt":"2021-05-15T11:48:13","slug":"distribution-center-in-oh-acquired-in-1031-exchange","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/","title":{"rendered":"Distribution Center in OH Acquired in 1031 Exchange"},"content":{"rendered":"<div id=\"attachment_1004292158\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004292158\" data-attachment-id=\"1004292158\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/wesco-distribution-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png\" data-orig-size=\"740,555\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Wesco Distribution Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Wesco Distribution Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png?w=740\" loading=\"lazy\" class=\"wp-image-1004292158 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png\" alt=\"Wesco Distribution Center\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png 740w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004292158\" class=\"wp-caption-text\">Wesco Distribution Center<\/p><\/div>\n<p>Third Coast has purchased Wesco Distribution Center, a 33,197-square-foot industrial\/office property located in northeast Columbus, Ohio, in a 1031 exchange.<\/p>\n<p>The asset, which carries a triple net lease, sold for $3.4 million. The property carries a cap rate of 7.93 percent, with more than four years of remaining lease term. Wesco International Inc., a global distributor of electrical products, will continue to occupy the property.<\/p>\n<p>Completed in 2000 and renovated in 2007, the asset encompasses 4.2 acres. Located at 2256 Citygate Drive, Wesco Distribution Center is near the interchange of interstates 670 and 270, and John Glenn Columbus International Airport is within 3 miles. Downtown Columbus is within 8 miles of the property and the Easton Town Center shopping complex is within a 10-minute drive. Tenants surrounding the property include FedEx Ship Center, U.S Postal Service, Trane Supply and McNaughton-McKay Electric.<\/p>\n<p>Daniel Zimmerman of B+E&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/what-you-need-to-know-about-1031-exchanges\/\">sourced the 1031 exchange buyer for the sale<\/a> of the property.<\/p>\n<p><em>Image courtesy of B+E<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 33,197-square-foot property carries a cap rate of 7.93 percent, with more than four years of remaining lease term. Third Coast purchased the asset for $3.4 million. <\/p>\n","protected":false},"author":1274,"featured_media":1004292158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21743,21748,21783,13,21742],"tags":[33536,43739,43733,43736],"class_list":["post-1004292155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-deals","category-industrial","category-investment","category-midwest","category-latest","tag-1031-exchange","tag-be","tag-third-coast","tag-wesco-international-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Distribution Center in OH Acquired in 1031 Exchange - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Distribution Center in OH Acquired in 1031 Exchange\" \/>\n<meta property=\"og:description\" content=\"The 33,197-square-foot property carries a cap rate of 7.93 percent, with more than four years of remaining lease term. Third Coast purchased the asset for $3.4 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-16T14:49:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T11:48:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"555\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Timea Matyas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/\",\"name\":\"Distribution Center in OH Acquired in 1031 Exchange - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png\",\"datePublished\":\"2019-01-16T14:49:51+00:00\",\"dateModified\":\"2021-05-15T11:48:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d364eed718d001d2f28b9e07694ebfc2\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png\",\"width\":740,\"height\":555,\"caption\":\"Wesco Distribution Center\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Distribution Center in OH Acquired in 1031 Exchange\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d364eed718d001d2f28b9e07694ebfc2\",\"name\":\"Timea Matyas\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3f85f210df195b9ba162e96e188008943da8d66d1c3be3106d1dbb602e6c7c28?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3f85f210df195b9ba162e96e188008943da8d66d1c3be3106d1dbb602e6c7c28?s=96&d=mm&r=g\",\"caption\":\"Timea Matyas\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/timeamatyas\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Distribution Center in OH Acquired in 1031 Exchange - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/","og_locale":"en_US","og_type":"article","og_title":"Distribution Center in OH Acquired in 1031 Exchange","og_description":"The 33,197-square-foot property carries a cap rate of 7.93 percent, with more than four years of remaining lease term. Third Coast purchased the asset for $3.4 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-01-16T14:49:51+00:00","article_modified_time":"2021-05-15T11:48:13+00:00","og_image":[{"width":740,"height":555,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png","type":"image\/png"}],"author":"Timea Matyas","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/","url":"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/","name":"Distribution Center in OH Acquired in 1031 Exchange - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png","datePublished":"2019-01-16T14:49:51+00:00","dateModified":"2021-05-15T11:48:13+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d364eed718d001d2f28b9e07694ebfc2"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png","width":740,"height":555,"caption":"Wesco Distribution Center"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/distribution-center-in-oh-acquired-in-1031-exchange\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Distribution Center in OH Acquired in 1031 Exchange"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d364eed718d001d2f28b9e07694ebfc2","name":"Timea Matyas","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3f85f210df195b9ba162e96e188008943da8d66d1c3be3106d1dbb602e6c7c28?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3f85f210df195b9ba162e96e188008943da8d66d1c3be3106d1dbb602e6c7c28?s=96&d=mm&r=g","caption":"Timea Matyas"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/timeamatyas\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Wesco-Distribution-Center-e1547641956522.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004292155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1274"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004292155"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004292155\/revisions"}],"predecessor-version":[{"id":1004533175,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004292155\/revisions\/1004533175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004292158"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004292155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004292155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004292155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}