141 Walnut St, Painesville, OH 44077
2 Industrial Properties Offered at $9,794,778 in Multiple Locations
For Sale
Active
Asking Price $9,794,778
- Property Type
-
Industrial
- Square Feet
- 137,143 SF
Listing Contacts
Daniel Macks
Jeffrey Lizzo
Property Overview
STREAM Capital Partners is pleased to offer qualified investors the opportunity to acquire a portfolio of two (2) industrial properties totaling 137,143 SF on 15.65 acres in Painesville, Ohio and Kokomo, Indiana. The properties will be leased back on an absolute triple net basis for an initial term of 15 years. The tenant provides highly engineered, custom roll form metal solutions for truck/trailer manufacturing, solar, automated material handling, and industrial & commercial markets.
Highlights
- Long-term (15-year) sale leaseback with 2.00% annual rent increases
- 100-year operating history with strong tenant financial profile
- Significant tenant investment in machinery and equipment at the subject properties
- Desirable Indiana and Ohio real estate at an attractive ~$71 PSF basis
- Opportunity for a landlord to fund future planned expansion at the company’s Indiana location
- Strategically located near existing customers, manufacturing centers & top suppliers which minimizes freight costs & creates competitive advantage
All available spaces
- Space
- American Roll Form
- Size
- 87,243 SF
- Space Subtype
- Industrial
- Space
- Size
- 49,900 SF
- Space Subtype
- Industrial
Nearby Properties
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