Northmarq, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 64,000-square-foot healthcare facility located at 2308 Sandridge Drive in Moraine, Ohio. The property is fully leased to CompuNet Clinical Laboratories, a full-service clinical laboratory serving physicians, hospitals and health organizations throughout southwest Ohio. Craig Tomlinson of Northmarq represented the 1031 exchange buyer, a California-based individual investor. The seller was a private investor based in Dayton, Ohio. The property sold for $5.6 million.
“The life science sector has remained a darling of net lease during the pandemic,” said Tomlinson, Senior Director and Partner in Northmarq’s Tulsa, Oklahoma headquarters. “CCL has been supporting the hospitals and clinics of Ohio for decades. They were a very safe bet.”
The facility was built in 1986 and is situated on more than 5.7 acres in a southern suburb of Dayton, Ohio. CompuNet has occupied this location for more than 35 years, utilizing the facility as a regional diagnostics center, as well as an office headquarters. The site features convenient access to Interstate 75 and is in close proximity to Kettering Health’s main campus.