Cold Storage and Distribution Facility

Cold Storage and Distribution Facility, Haverhill, MA

Deal Type:

Sale Leaseback

Price:

$41,300,000

Cap Rate:

6.35%

Current Rent:

$2,621,250

Lease Type:

Triple Net

Lease Term:

19 years

Landlord Responsibilities:

None

Renewal Options:

Six, 5-Year

Building Sq. Ft.:

135,145 SF

Rent Increases:

3% Increases Every Other Year

Site Size:

7.64 Acres

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Investment Highlights

Long-term, absolute triple net lease with rent increase
Brand new construction, cold storage facility with 40’ clear height
Mission-critical asset as property will house Company’s entire sandwich assembly business
Strategic facility for the Company’s operations; will allow the Company to consolidate cold storage and distribution from its 5 local warehouses into one consolidated location
35 miles north of Boston, Haverhill is one of the fastest-growing towns in Massachusetts
Strong credit tenant; $800+ million in annual revenues and $50+ million in annual EBITDA

Listing Agents

Jonathan Wolfe

Managing Principal
312 310 2798
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Due Diligence

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