Property details

STNL NNN Industrial Asset For Sale, Southeast Region

Property Description

STNL Industrial Asset For Sale

This property is Confidential, Off-Market, Controlled and Deliverable to qualified Principal Buyers on a First Come, First Serve basis.

Wholly owned Moody's Baa1 credit rated tenant.

One 5-year renewal option

Rent Escalations: 2% annually

Land Size: 32 ± acres

Building Size: 176,550 SF

Rent/SF: $3.96

Financials available

3-Phase power

17' dock high doors

Building layout:

Manufacturing: 78,215 SF

Warehouse: 72,670 SF

Office: 25,665 SF

26' eave height Tilt-up Concrete/Metal construction

14 acres excess land for expansion

Adjacent airport acquiring a small portion of excess land






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Highlights

Status:
Available
Price:
$11,190,000
PSF:
$63
Cap Rate:
6.25%
Rent Increases:
2% annually
 

Property Information

Building Size:
176,550 sq.ft.
Property Type:
Net Lease
Industry Type:
Industrial
Units/Spaces:
1
Land Area:
32.00 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
STNL NNN Industrial
Lease Type:
NNN
Lease Commencement:
06/01/2013
Lease Expiration:
05/31/2028
Lease Term:
15 years
Lease Remaining:
10.0 years
Landlord Responsibilities:
None - NNN
Options:
One 5-year renewal option
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.