loader
Join Free
Views: 46 DOM: 84 Updated: 07.26.24 Posted: 06.24.24 Status: Active

Summary

Price $9,633,556
Built/Renov 1994/2017
Tenant Means Industries | International HQ
Cap Rate 6.75%
Lease Type NN+
Guarantor Corporate
Size/SF 128,204
Lease Start 11-01-2003
#Units 5
Price/SF $75.14
Expiration 11-30-2032
Tenant Type Industrial
NOI $650,265
R. Term 8.2
Ownership Fee Simple
Rent/SF $5.07
Increases 1.3%/1/yrs
Pop 5Mi 159,924
Lot/AC 7.99
Options 0/0yrs
AHHI 5Mi $68,108

Lease Highlights

  • Means Industries has been operating in this location for over 20 years
  • The tenant has 8+ years remaining on the current lease term
  • The lease features 1.25% annual rent escalations throughout the initial term
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Means Industries is strategically located on E Washington Road, with access to 10,699 vehicles passing by daily. The property includes a 128,204-square-foot industrial and office building on a 7.99-acre parcel. Means Industries has operated from this location since 2003, expanding from 71,176 SF to its current size. It is situated in an excellent industrial corridor between a new Amazon...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Means Industries
  • Guarantor:Corporate
  • Company:Amsted Industries, Inc.
  • # Units:5
  • Stock:Private

About Tenant

Means Industries is a leading manufacturer specializing in advanced, high-precision components and systems for the automotive industry. The company's products include sophisticated...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity