1571 Gressel Dr
Net Leased Industrial Investment Opportunity | 6.16% CAP | 36,616 SF
Listing Contacts
License: OH SAL.0000272275
Active
Asking Price: $6,200,000
Address
1571 Gressel Dr, Delphos, OH 45833
Show on MapDate Added
May 16, 2024
Days on Market
339 days
Time Since Last Update
78 days
Details
Property TypeIndustrial
SubtypeWarehouse, Manufacturing, investment
Investment TypeNet Lease
TenancySingle
Square Footage36,616
Price/Sq Ft$169.32
Cap Rate6.16%
Occupancy100%
Units1
Year Built2010
Buildings1
APN25-2000-02-003.006
Price/Unit$6,200,000
Loading Docks1
Dock High Doors10
Ceiling Height42
INTELLIGENCEMarketing Description
The subject is a net lease freezer/cooler industrial building leased to HydroFresh HPP Ltd . The lease is guaranteed by Universal Pure, the largest independent provider of high pressure processing (“HPP”) and cold chain solutions for food & beverage customers in North America. Universal acquired the HydroFresh HPP in 2022. There are eight years remaining on the original ten year lease, with 3% annual rent escalations. There are also two five year options to renew. The ten year lease commenced on 6/1/2022. Minimal LL responsibilities.
Investment Highlights
- Rare NNN Freezer/Cooler Investment Property
- Guaranteed by Strong National Tenant
- Allen County is a National Recognized Economic Area
- Eight Years Remaining, Two-5 Yr Renewal Options
- 3% Annual Rent Escalations
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Listing Contacts
- License: OH SAL.0000272275
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