Property details
Industrial Cold Storage Facility For Sale, Northeast Region
Property Description
Industrial Cold Storage Facility For Sale
Off market industrial cold storage facility for sale.
Triple net leased to a global food and beverage distribution company that is exceptionally strong and the tenant is owned by one of the largest privately held companies in the country.
The tenant has been in the property since 2009 and the lease expires in Aug. 2029-eleven years from now.
The property is a state of the art facility, which was built in 2009 and it is located outside of Philadelphia.
The building itself is over 152,000 sq. ft., on 20 plus acres with expansion potential.
The price is $36m, which equates to just about a 7% cap rate going in.
There are annual increases of 1.5% and there are no landlord responsibilities.
About the Tenant
Global food and beverage distribution company that is exceptionally strong and the tenant is owned by one of the largest privately held companies in the country
Images
Highlights
- Status:
- Available
- Price:
- $36,000,000
- PSF:
- $237
- Cap Rate:
- 7.00%
- Rent Increases:
- Annual increases of 1.5%
Property Information
- Building Size:
- 152,000 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Self Storage - Mini Storage
- Units/Spaces:
- 1
- Year Built:
- 2009
- Land Area:
- 20.00 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Industrial Cold Storage Facility
- Lease Type:
- NNN
- Lease Commencement:
- 08/22/2018
- Lease Expiration:
- 08/22/2018
- Lease Remaining:
- 11.0 years
- Landlord Responsibilities:
- None - Absolute Triple Net (NNN)
- Options:
- Inquire
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.