Sold this Week in Delaware County

Sold this Week in Delaware County

SOLD Commercial Real Estate

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

Website: https://commercialrealestateoh.com

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.