Property details
Single Tenant NNN Industrial Properties For Sale, Northeast Region
Property Description
Single Tenant NNN Industrial Properties For Sale
This is an Off-Market, Confidential, Controlled and Deliverable Property.
Owned FREE & CLEAR.
Single Tenant with a Moody's Baa1 credit rating.
NOI of $4,600,000
Over 1 million square foot building (Approx. 1,011,000 SF).
We have other off-market, confidential single tenant industrial properties totaling over 7,500,000 SF (17 properties, 16 that have loans in place that must be assumed).
Although this single asset is at a sub-6 Cap Rate, most of the other deals are between a 6.5% and 7% Cap Rate.
Images
Highlights
- Status:
- Available
- Price:
- $83,600,000
- PSF:
- $83
- Cap Rate:
- 5.50%
- Annual Rent:
- $4,600,000
- Rent Increases:
- Annual increases of approx. $50,000.00
Property Information
- Building Size:
- 1,011,000 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Industrial
- Units/Spaces:
- 1
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Single Tenant NNN Industrial Properties For Sale
- Lease Type:
- NNN
- Lease Commencement:
- 01/01/2017
- Lease Expiration:
- 12/31/2029
- Lease Term:
- 12 years
- Lease Remaining:
- 5.1 years
- Landlord Responsibilities:
- None. NNN
- Options:
- No options
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.