Industrial Sale Leaseback

Cleveland, OH MSA

Deal Type:

Sale Leaseback

Price:

$2,550,000

Cap Rate:

7.85%

Current Rent:

$200,000

Lease Type:

Triple Net

Lease Term:

20 years

Landlord Responsibilities:

None

Renewal Options:

Four, 5-year

Building Sq. Ft.:

36,000 SF

Rent Increases:

2.00% Annual

Site Size:

3.0 Acres

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Investment Highlights

Long-term (20-year) absolute triple net lease with 2% annual increases
Mission critical HQ facility
Tenant has been an industry leader in producing in variable speed pulleys and accessories for over 75 years
Diverse client base with very low concentration
Located in a growing industrial market located 30 miles outside of Cleveland

Listing Agents

Phil DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

Krupa Shah

Managing Director
646 734 4188
Krupa@stream-cp.com

In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946

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Industrial Sale Leaseback

Investment Highlights

Listing Agents

Phil DiGennaro

Krupa Shah

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