Available For Sale - Industrial , Warehouse

20,660 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
20,660 SF
Price/SF
Show Pricing $
Listing ID
SA515692
Notes
The Property's nearly fully paved 20-acre parcel and small building square footage provides the perfect environment for industrial tenants with a need for outdoor storage. The Industrial Outdoor Storage (IOS) sector, including auto auction and equipment rental operators, has seen dramatic growth and strong investor demanding recent years driving this market to an estimated $200 billion.



The Tenant operates under a 20-year Absolute NNN Lease structure at the Property, leaving no responsibilities to the Landlord. 18.5 years remain in the primary term, and the four, five-year options extend into 2061. This creates passive and long-term income for the Landlord.
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Anne Perrault, Northmarq