IRA Capital Pays $21M for Ohio Life Science Campus

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IRA Capital LLC, one of Orange County’s most active real estate investors the past few years, has returned to the healthcare property sector with its 2024 purchases.

The firm, behind several of the larger office buys in OC between 2021 and 2023, this month bought a 237,000-square-foot life science campus in Columbus, Ohio for $21.5 million.

The deal works out to about $91 per square foot.

The campus, a four-building complex at 3435 Stelzer Road sits about 2 miles from the Jack Nicklaus Freeway and less than 6 miles from John Glenn Columbus International Airport.
The building is largely leased by Sarepta Therapeutics Inc. (Nasdaq: SRPT), a Cambridge, Mass.-based biopharmaceutical firm valued at $12 billion as of last week.

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