STREAM Capital Partners > Properties > All Properties > Industrial Sale Leaseback

Industrial Sale Leaseback

Sale Leaseback

Toledo, Ohio
Ownership Type:
Fee Simple
Price:
$2,930,000
Cap Rate:
8.60%
Current Rent:
$252,000
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
±40,000 SF
Rent Increases:
2.0% Annual

Investment Highlights

  • 20-Year Absolute NNN Lease: Long-term passive investment with zero landlord responsibilities and fixed annual rent growth.
  • Founder-Owned Sale Leaseback: Established operating business with ~50 years of operating history.
  • Mission-Critical Facility: Sole operating location responsible for 100% of the tenant’s revenue
  • Below Replacement Cost: Opportunity to acquire at ~$70 PSF within a robust Toledo industrial submarket
  • Use of Proceeds: Sale leaseback proceeds to be utilized for debt paydown and strengthening the company’s balance sheet
Ownership Type:
Fee Simple
Price:
$2,930,000
Cap Rate:
8.60%
Current Rent:
$252,000
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
±40,000 SF
Rent Increases:
2.0% Annual

Listing Agents

Phil DiGennaro

Managing Director
203.610.1541[email protected]

John Woodcock

Vice President
503.853.6108[email protected]

Joe DiGennaro

Senior Associate
203 895 1171[email protected]

Analyst

Blake Micholas

Analyst
301 412 4555[email protected]

Cooperating Broker: Brian Brockman, Bang Realty, Inc, OH License: #BRK.2009000214

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