Finch Pruyn Leased Warehouse

The industrial warehouse facility totals approximately 151,450 square feet of building size and sits on approximately 5.87 acres of land. The concrete foundation and metal baked enamel exterior building was constructed in 1996. Clear heights are 25 feet high at the eaves and 37 feet high at the peaks. There are 15 loading docks. The investment is an absolute NNN deal that will have a new 15 year lease signed at the close of escrow. The property has an initial cap rate of eight percent and zero landlord responsibilities. The lease calls for 1.75 percent annual rent escalations. There are two 10-year options.