Warehouse, Commercial Complex Sold for $3.15M
BOARDMAN, Ohio – Three parcels that comprise a warehouse, industrial and commercial complex at 85, 95 and 97 Karago Ave. were sold this week for $3.15 million.
The three structures were purchased by Karago Real Estate Holdings LLC, which lists its address as 11988 state Route 45 in Lisbon. The company was incorporated in November by James Pastore of JP Capital Management, an investment banking firm based in Canfield.
The seller is RRI LLC, an entity incorporated in 2002 by Ralph Rendano, a Boardman businessman. The deal closed Dec. 16.
The listing was handled by Bill Kutlick with Platz Realty Group. Some of the national tenants of the buildings include UPS, Goodman Distribution and Morgan Services, according to Kutlick.
The Class B buildings sit on 12.34 acres with a rentable area of 108,800 square feet.
Property transfer records show the Karago Real Estate Holdings paid $630,000 in cash and secured a $2.52 million mortgage from WesBanco.
Copyright 2021 The Business Journal, Youngstown, Ohio.