Industrial Sale Leaseback

10456 N Holly Road, Holly, MI

Deal Type:

Sale Leaseback

Price:

$8,639,456

Cap Rate:

7.35%

Current Rent:

$635,000

Lease Type:

Triple Net

Lease Term:

15-20 years

Landlord Responsibilities:

None

Renewal Options:

Four, 5-year or Two, 10-year

Building Sq. Ft.:

66,106 SF

Rent Increases:

2.0-2.5% Annaul

Site Size:

7.72 Acres

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Investment Highlights

The tenant is a leading electronics manufacturer
Significant bolt down costs and investment by tenant into the facility
The company has been in this market for over 15 years, recently occupying the property in the past 12 months in order to accommodate growth
Long-term, absolute NNN lease structure

Listing Agents

Adam Baxter

Vice President
205 394 3520
Abaxter@stream-cp.com

Phil DiGennaro

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

Jonathan Wolfe

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

Broker of Record: Scott Reid, ParaSell, Inc. | A Licensed Michigan Broker #6505425224

Due Diligence

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