A limited liability company led by a local real estate services firm has purchased a Springboro warehouse and industrial property for $2.1 million, property records show.
South Tech Partners LLC is the buyer of the property at 3000-3090 S. Tech Blvd., off Ohio 741, just south of the Austin Landing area, according to Montgomery County property records. Mark Fornes Realty is the managing partner overseeing the building.
The light industrial property is near Dayton-Wright Brothers Airport. The property has about 60,000 square feet of warehouse and office space.
The property, built about 30 years ago, also sits across South Tech Boulevard from beverage and food can manufacturer Dayton Systems Group.
Local developer and real estate agent Fornes signed the incorporation papers for South Tech Partners LLC, according to filings with the Ohio Secretary of State’s office.
The purchase is on behalf of a group of investors who were interested in a site that offers a good location, close to the small south suburbs airport and about a mile from the increasingly busy Austin Landing interchange. Fornes’ company is the managing partner in the group.
“There are a several vacancies (in the building) that we have to fill, and we’re working on that,” Fornes said Tuesday.
It’s a flexible building that could suit office and technical uses. About 25 percent of the property is vacant at the moment, he said.
Businesses Wilson Advertising and Color Saavy System Ltd are tenants there today, as is River Rain Technologies. The building also houses the offices for Centerville’s Fairhaven Church.