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Views: 65 DOM: 150 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 8.0
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...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 191 10,892 48,714
2024 Total Population : 194 11,050 49,612
2024 Employed Civilian Pop : 59 3,686 18,943
2024 Total Businesses : 81 580 2,722
2024 Average Household Income : $ 59,102 $ 54,287 $ 50,793
2024 Total Consumer Spending : $ 4 M $ 230 M $ 991 M
2024 Median Age : 43 40 38
2024 Total Households : 96 4,691 21,640
2024 Pop Age 25+: Bachelor's Degree : 3 600 3,345
2024 Average Home Value : $ 111,429 $ 103,950 $ 103,170
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Washington Road Wolf Rd 2022 15,737 0.16 mi
I- 75 2022 4,747 0.24 mi
I-75 OFF RAMP E Washington Rd 2020 3,264 0.27 mi
I- 75 2022 4,376 0.31 mi
E Washington Rd 2022 4,554 0.33 mi
E Washington Rd 2022 3,891 0.36 mi
E Washington Rd I- 75 2015 7,800 0.43 mi
E Washington Rd 2022 50,603 0.45 mi
E Washington Rd 2022 49,569 0.47 mi
East Washington Road N Outer Dr 2022 8,353 0.55 mi

Listing Broker

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