CHICAGO, IL – June 11, 2019 – STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, recently represented the seller in the $5.5 million sale of an industrial property leased to Cintas Corporation in Rochester, New York.
The 48,703 square foot building’s lease has 13 years remaining with annual rent increases. Phil DiGennaro, Jordan Shtulman, and Jonathan Wolfe of STREAM Capital Partners represented the seller on the transaction.
“The strong corporate guarantee as well as the tenant’s long operating history in the Rochester market were the drivers in this transaction. The buyer was in a 1031 exchange,” said DiGennaro.