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Sold this Week in Delaware County

SOLD Commercial Real Estate

Sold this Week in Delaware County

AZM Realty Ltd. has purchased a Sunbury, Ohio office building this past week for the only valid-sale transaction in Delaware County, Ohio, according to the Delaware County Auditor’s Site.

The property, located at 801 West Cherry Street — State Routes 36/37 — is a two-story structure located on the north side of the building just at the edge of Sunbury towards I-71. The building was built in 1996 and has 12,000 square feet that are rented to multiple tenants. According to the Delaware County Auditor, AZM Realty Ltd. paid $1,042,000 for the property.

A valid sale is a term utilized by the Auditor’s office to differentiate between simply a change or edit to the title of a property that must be recorded but does not necessarily mean a change of hands. Valid sale can also be called an arm’s length transaction, essentially meaning that – in theory – neither party was in distress and the value can be considered the highest and best for the property today.

Toby Boyce

Toby E. Boyce, MBA, has been licensed to sell real estate since 2006. He has been a professional writer since turning 16 and working for the Mt. Vernon News and eventually worked in higher-education public relations. In real estate, he has earned numerous awards and served on numerous boards throughout the real-estate industry.