STREAM Capital Partners > Properties > All Properties > Absolute Net Master Leased Industrial Portfolio

Absolute Net Master Leased Industrial Portfolio

Net Lease

Two properties in Reading, PA & Indianapolis, IN
Ownership Type:
Fee Simple
Price:
$33,013,036
Cap Rate:
7.75%
Current Rent:
$2,558,510
Tenancy:
Single Tenant
Lease Type:
See OM
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 9.75 years
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
445,569 SF
Rent Increases:
Lesser of 2% or 1.25x CPI
Site Size:
39.5 Acres

Investment Highlights

  • Long-Term Absolute NNN Master Lease: Nearly 10 years remaining with annual rent increases
  • Mission-Critical Manufacturing Portfolio:  These are the tenant’s only manufacturing facilities, providing 100% of the business’s revenue and profitability
  • Strong Private Equity Sponsorship: New ownership in 2024 provides continued capital to support business growth
  • Attractive Basis: Offered substantially below sale comps and replacement cost, providing embedded value and downside protection
Ownership Type:
Fee Simple
Price:
$33,013,036
Cap Rate:
7.75%
Current Rent:
$2,558,510
Lease Type:
See OM
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 9.75 years
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
445,569 SF
Rent Increases:
Lesser of 2% or 1.25x CPI
Site Size:
39.5 Acres

Listing Agents

Jonathan Wolfe

Designated Managing Broker
312.310.2798[email protected]

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Adam English

Managing Director
256.694.9803[email protected]

Ben Hollis

Senior Associate
256.595.2574[email protected]

Analyst

Blake Micholas

Analyst
301 412 4555[email protected]

Cooperating Broker: Brian Brockman, Bang Realty – Indiana Lic. #RB14037939

Broker of Record, Pennsylvania: Michael Antonoplos, Lic. #1M425387

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