This portfolio consists of 2 Industrial buildings, situated on approximately 4.31 acres totaling 57,928 SF. 1320 S. Merrifield is 28,500 SF built in 1975 residing on ±2.08 acres. The
building has 1,248 SF of office space; 5 overhead doors, 1 dock, & 1 outside dock; and the 1200/480V/3-phase power system is shared with 1402 S. Merrifield (the switchgear has
capacity to increase the amperage to 1500 amps). 1402 S. Merrifield is 29,428 SF built in 1985 residing on ±2.23 acres. The building has 2,246 SF of office space, 1 dock, 7 overhead doors, and a large fenced outdoor storage area. The owner of this portfolio sold their business at the end of 2021 to Tramec, LLC who signed back leases on the buildings. Tramec, LLC improved their lease structure for both buildings since 2021. Most recently the leases were improved to five-year terms at market rents. The increase in market rents was due to the Landlord having the right to cancel the lease toward the end of the term and in doing so they reset rents to the current lease rates.