GatesAir

3200 Wismann Lane, Quincy, IL
Deal Type:
Sale Leaseback
Price:
$9,236,925
Cap Rate:
7.50%
Current Rent:
$692,769
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-year or two, 10-year
Building Sq. Ft.:
223,474
Rent Increases:
2.00%
Site Size:
39.43 acres
  • gatesair stream capital partners
  • gatesair stream capital partners
  • gatesair stream capital partners
  • gatesair stream capital partners

Investment Highlights

  • Long-term absolute triple net lease with annual rent increases
  • Company with approximately 100 year operating history
  • GatesAir has been operating in Quincy, IL since inception in 1922 and at the subject location since construction in 1966
  • Global HQ facility with specific design & power infrastructure that would be very challenging and expensive to replicate elsewhere
  • GatesAir has long-term customers in over 170 countries with relationships ranging up to 70+ years
  • The company currently holds over 300 patents and is the #1 global industry leader

Listing Agents

Daniel Macks STREAM Capital Partners

Daniel Macks

Vice President
847 420 2116
Dmacks@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

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