Northmarq arranges sale of major industrial manufacturing facility leased to Shearer’s Foods

DAYTON, Ohio (Feb. 3, 2025) — Northmarq’s Commercial Investment Sales team led by Rob Gemerchak, SIOR and Jeff Hughes, SIOR successfully brokered the sale of a Class A industrial manufacturing facility in the Dayton, Ohio MSA. The ± 390,000 sq.ft. property is leased to Shearer’s Foods, an industry-leading food manufacturing company.

Northmarq represented the seller, a national real estate developer partnership.

“We received significant interest from private and public national investors who were attracted to the quality of the asset, the strength of the tenant, and Ohio’s strategic location and business infrastructure which supports large scale manufacturing and food production operations," said Gemerchak. "We ran a competitive bid process with highly qualified industrial net lease investors which resulted in a true win-win result for the buyer and seller."

The property is located at 4100 Springboro Pike Road in Moraine, Ohio, an inner suburb of Dayton. The fully renovated, high-capacity manufacturing facility features heavy industrial infrastructure including 42-foot clear ceilings, 40 MW power, ESFR sprinklers, LED lights, 15 truck docks and expansive auto and truck parking. Located within one mile of two Interstate 75 interchanges and 10 miles from the I-75 / I-70 crossroads interchange, the property offers an ideal, strategic location.

Shearer’s $100+ million project will operate as the industry’s first “Multi-Pack Center of Excellence” through the production of multiple snack categories in a single plant as well as co-packing to produce multi-snack pack products.

The tenant operates on a long-term lease with annual increases and renewal options.