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Heidelberg College Building Sells for $230/SF

Investment Firm Purchases Fully Leased Building
By Karly Lagratta
January 24, 2007 | 8:42 P.M.

Investor, Drummer Boy Inc. purchased the property at 1755 Indian Wood Circle in Maumee for $2.45 million or approximately $233 per square foot from Vista Office One Ltd. This building is leased to Heidelberg College through March 2017. The transaction had a capitalization rate of 7.74%.

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News | Heidelberg College Building Sells for $230/SF