Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
$10,456,171
MISSION-CRITICAL LIFE-SAFETY MANUFACTURER | 18+ YR ABS. NET
Details
APN 0803089428
Property Type Industrial
Sub Type Distribution, Manufacturing
Square Footage 94,871
Units 1
Cap Rate 7%
NOI $731,932
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 04/30/2044
Rent Bumps Yes
Class A
Year Built 1989
Year Renovated 2022
Stories 2
Acreage 14.650
Tenant Credit Corporate Guarantee
Ground Lease No
Industrial | 7.00% CAP | 94,871 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
Investment highlights
- Long Term Absolute Net Lease Featuring 3.25% Annual Rental Increases throughout the Initial Term and two, 10-year Extension Options.
- Micropore, Inc. - a U.S.-Based Specialty Manufacturer Producing Proprietary CO2 Absorbent Solutions Embedded w/in Closed-Loop Breathing & Life-Support Systems Across Multiple Safety-Driven End Market.
- Mission-Critical Manufacturing Use - Facility Supports Production of Safety-Critical Components Used in Regulated Life-Support Applications, where Uninterrupted Operations.
- Life-Safety Oriented End Markets - Demand Driven by Firefighting, Military Defense, Medical Anesthesia, Diving, Mining Safety, and Confined-Space Operations Where CO2 Control is Mandatory, Non-Discretionary, and Governed by Strict Operational Standards.
- Recurring Consumables Demand Profile - Products Manufactured are Consumed and Replaced Over Time, Creating Recurring Production Demand Tied to Installed Equipment Bases Rather than One-Time Capital Purchases.
- Exposure to Government and Institutional Spending - Demand Supported by Federal Defense Budgets, Municipal Fire Departments, Healthcare Systems, Mining Operations, and Industrial Safety Regulations Rather than Discretionary Consumer Spending.
- Favorable Location for East Coast Distribution - Elkton provides Efficient Access to Mid-Atlantic, Northeast, and National Logistics Corridors Serving Government, Healthcare, and Industrial Customers.
- Affluent and Skilled Labor Base - The Surrounding Area Features an Affluent Demographic Profile With Average Household Incomes Exceeding $99,000 within 5-Miles, supporting Access to a Skilled Workforce and Long-Term Residential Stability. Strategic Transportation Connectivity - The Facility Sits in Close Proximity to Interstate 95, U.S. Route 40, and Key Freight Routes Connecting Baltimore, Philadelphia, Washington, D.C., Wilmington, and Northern Virginia.
Listing Contacts
Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$731,932.00
$60,994.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
