602-687-6700
428 Peyton St, Emporia, KS for Sale
Warehouse - FOR SALE
1/5
null | Request Cap Rate

428 Peyton St
Emporia, KS 66801


HIGHLIGHTS

  • Absolute NNN lease structure with no landlord respoinsibilities
  • Long term tenancy with +/- 11.5 years of firm term remaining
  • Very low and below market rental rate

OVERVIEW

Institutional Property Advisors (IPA), a division of Marcus and Millichap, is pleased to offer the opportunity to acquire a 320,764 SF single tenant manufacturing industrial asset (“Asset”) leased to Hopkins Manufacturing (“Tenant”). The lease has +/-11.5 years of firm term remaining after renewing on a long-term basis in 2020. The lease is an absolute NNN structure with no landlord responsibilities. This Asset is a mission critical manufacturing asset for Hopkins Manufacturing. The Asset consists of a manufacturing facility featuring 24’ clear height, two drive-in doors, and 18 dock high doors. The building consists of manufacturing areas that includes 20 injection mold machines, product storage, conveyor belts, and warehousing. Given the low in place rental rate of $3.20/SF NNN, which is a substantial discount to new construction rents, it will also be extremely difficult for the Tenant to replicate this rent at a different facility.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hopkins Manufacturing Corp

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

18

DRIVE INS

2

PARKING SPACES

250

LAND DETAILS

LAND ACRES

16.05

LAND SF

699,138

ZONING

I-1

APN/PARCEL ID

196-14-0-20-02-007.00-0

ASK ABOUT THIS PROPERTY

Tivon MoffittInstitutional Property AdvisorsMore Info
602-687-6700

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Tivon MoffittInstitutional Property AdvisorsMore Info
602-687-6700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.