This offering presents a single tenant, net leased asset occupied by Thermal Product Solutions (TPS), a global provider of thermal processing and environmental testing equipment. The 128,000 SF building also serves as TPS’s corporate headquarters and includes recent capital improvements such as new carpeting, upgraded HVAC systems, and window replacements. Located on a 23-acre site with significant land available for expansion, this asset offers excellent long-term growth potential.
TPS has maintained operations here for over 20 years and continues to invest in facility improvements, signaling commitment to the site. The company services aerospace, defense, medical, and pharmaceutical industries, ensuring a stable and diverse customer base. The new 10-year NNN lease delivers predictable cash flow with an in-place NOI of $758,080 and attractive cap rates, supporting strong investor appeal in a market boasting robust logistics connectivity.