Sodexo | Roth Complex Sells for $7.5 Million

YOUNGSTOWN, Ohio – A commercial and industrial property investor based in Charleston, South Carolina, has purchased the 25-acre Sodexo | Roth campus at 3821 Crum Road for $7.5 million.

“This property stood out because of its location and strength of tenant,” says Mark Richardson, managing partner of KPMM LLC, which purchased the property June 17, according to records from the Mahoning County Auditor’s office.

The complex consists of two buildings on 25.4 acres that house Sodexo | Roth’s corporate offices and facilities management divisions, including heating, ventilation and air conditioning construction and service; roofing; and building automation.

Richardson says his firm purchases commercial properties all across the country, and the Sodexo | Roth opportunity caught his eye in January.

“It was a quality product with a quality tenant for an investment for the long-term,” Richardson says. “I love strong companies with long operating histories and corporate headquarters.”

Sodexo | Roth has a long-term lease on the property that recently was extended, according to the property listing.

Roth Brothers Inc. acquired the property in 1998 for $4.5 million from Roth Investment Partnership. That entity transferred the property to RBI Realty LLC, which then sold the buildings and land to KPMM.

The property is appraised by the auditor’s office at $1.3 million for tax purposes.

Sodexo | Roth was established in 1923 as Roth Brothers Inc. and is today an integrated facilities management company that provides facility services nationwide in HVAC, roofing, electrical, plumbing, handyman and more, according to the company.

Sodexo S.A., an international facilities and food management-company based near Paris, acquired Roth Brothers in 2011.

Pictured: The Sodexo | Roth building at 3821 Crum Road in Youngstown.

Copyright 2022 The Business Journal, Youngstown, Ohio.