Listed by NAI Harmon Group
$6,200,000
1571 Gressel Dr
Details
APN 25-2000-02-003.006
Property Type Industrial
Sub Type Manufacturing, Warehouse
Square Footage 36,616
Units 1
Cap Rate 6.34%
Occupancy 100%
Tenancy Single
Price per SqFt $169
Year Built 2010
Buildings 1
Investment Type Net Lease
Ceiling Height 42
Loading Docks 1
Dock High Doors 10
Net Leased Industrial Investment Opportunity | 6.34% CAP | 36,616 SF
Marketing 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
Listing Contacts
Listed by NAI Harmon Group
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