Long-Term Industrial Sale Leaseback

226 Industrial Park Drive, Martinsville, VA
Deal Type:
Sale Leaseback
Price:
$4,500,000
Cap Rate:
7.50%
Current Rent:
$337,500
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
142,300 SF
Rent Increases:
2.00% Annually
Site Size:
7.05 Acres

Investment Highlights

  • 20-year absolute triple net lease with 2% annual rent increases
  • Mission-critical asset to the Company; Tenant has invested over $3.5 million in equipment and machinery at the property
  • Long-term strategic facility to the business; Company has occupied this property since 1964
  • Tenant has invested millions of dollars into various facility expansions between 1971 and 2002
  • Company has a long-term operating history of over 72 years

Listing Agents

Chelsea Mandel

Senior 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

In Association with Scott Reid & ParaSell, Inc. | Newport Beach, California | A Licensed Virginia Broker #0226032019 | Licensed in AR, CA, CO, CT, DC, FL, GA, HI, ID, IL, IA, IN, KS, KY, ME, MD, MA, MI, MN, MO, MT, NC, ND, NE, NJ, NM, NY, NV, NM, NC, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WY

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