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

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

Chelsea Mandel

Vice President
516 850 6962
Chelsea@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com
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