A San Diego-based real estate outfit has shelled out $86.6 million for a Marshalls fulfillment center in Vandalia, snapping up the roughly 1.06-million-square-foot industrial building near Dayton International Airport. The sale price lands well above what the property fetched in 2022, signaling that investors are still willing to pay a premium for big-box logistics space in this corridor.
According to Dayton Business Journal, Montgomery County property records list the buyer only as a San Diego-based real estate firm and confirm the $86.6 million price tag. The outlet reports the facility spans about 1.06 million square feet and notes that county property records also provided an image of the site.
Why Vandalia Still Draws Investors
The property sits close to the Union Global Logistics Airpark and the I-70 and I-75 interchange, a combo that gives tenants quick access to both highways and air freight. That kind of connectivity continues to attract distribution-focused buyers and operators.
Local development activity around the airport has been steady, with logistics and light-manufacturing projects continuing to land in the corridor, according to tracking by GatherGov. State-level transportation and economic analysis from ODOT and JobsOhio also points to the area’s freight role and highlights SiteOhio-ready parcels near the airport, underscoring why investors keep circling this pocket of Montgomery County.
What Comes Next
For now, the building is operating as a Marshalls fulfillment center, based on company job listings that reference the Vandalia site. Those postings and related career pages describe the location as a fulfillment center, indicating that TJX is continuing to use the facility for distribution work, per listings on The Muse.
Local planners and industry watchers will be keeping an eye on whether the new owner opts to upgrade or reposition the property. Deals of this size are often treated as a real-time read on how much appetite there is for large logistics footprints in the broader Midwest supply chain corridor.
