CHICAGO, IL – April 13, 2020 – STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, has arranged the $12.6 million sale of an industrial net leased property in Scottsboro, Alabama.
The facility is occupied by KTNA, a leading supplier and manufacturer of acoustical products and carpeting for the automotive industry. The facility recently underwent a 45,685 square-foot expansion.
Adam English, Phil DiGennaro, Adam Baxter, and Jonathan Wolfe of STREAM Capital Partners represented the seller in the transaction. The property was sold to an internally sourced New York buyer closing at asking price.
English said of the transaction, “The buyer was in a 1031 exchange; this was a great fit for him given the high-quality construction and long-term net lease structure.”
Please contact Adam English for further details on this transaction.