The buyer of this industrial investment will receive two multi-tenant buildings totaling 66,500 SF on 4.82 acres. The steel, brick and block construction offers 18’ clear heights, three-phase power, 15 dock doors and 8 drive-in doors. A new roof was installed on the back building in 2022 with the front building having its replacement done in 2005. There
have been many other recent capital improvements as well. The front building has three tenants with one available unit of 8,000 SF being offered for lease at $6.75/SF NNN. The back building was constructed as multi-tenant building but currently has been leased to a single tenant with a new lease extension of 5 years. The complex is 88% occupied and all current leases are at or below market rent and offer annual increases.