STREAM Capital Partners > Properties > All Properties > Commercial Laundry Portfolio Sale Leaseback

Commercial Laundry Portfolio Sale Leaseback

Sale Leaseback

Ownership Type:
Fee Simple
Price:
$3,571,602
Cap Rate:
8.20%
Current Rent:
$292,745
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Building Sq. Ft.:
30,894 SF
Rent Increases:
2.0% Annual
Site Size:
3.90 Acres

Investment Highlights

  • Long term (15-year) absolute triple net lease with 2% annual escalations
  • Mission critical facilities responsible for 100% of tenant’s revenue
  • Established business with over 103 years of operational history
  • Independent sponsor of transaction has 20+ years of experience and stellar track record across multiple sectors
Ownership Type:
Fee Simple
Price:
$3,571,602
Cap Rate:
8.20%
Current Rent:
$292,745
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Building Sq. Ft.:
30,894 SF
Rent Increases:
2.0% Annual
Site Size:
3.90 Acres

Listing Agents

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Owen McNulty

Senior Associate
708 601 3087[email protected]

Daniel Macks

Managing Director
847.420.2116[email protected]

Cooperating Broker: Brian Brockman, Bang Realty – Lic. #RB.0020899

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