For Sale
$6,200,000

1571 Gressel DrDelphos, OH 45833

Net-leased warehouse, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 36,616-square-foot, net-leased industrial warehouse located at 1571 Gressel Dr, Delphos, OH 45833, in Allen County. The property, built in 2010, boasts a 42-foot ceiling height, one loading dock, and ten dock-high doors. Currently 100% occupied by a single tenant under a net lease agreement, this property offers a compelling 6.16% cap rate at an asking price of $6,200,000 ($169.32/sq ft). The lease, commencing June 1, 2022, has eight years remaining with two five-year renewal options and a 3% annual rent escalation. The tenant, HydroFresh HPP Ltd., is guaranteed by Universal Pure, a major North American provider of high-pressure processing and cold chain solutions. This presents a rare opportunity to acquire a freezer/cooler industrial building with minimal landlord responsibilities and a strong, nationally recognized tenant in a robust economic area. The property features one building on a single unit, with the APN 25-2000-02-003.006. This is a truly exceptional net triple-net (NNN) investment opportunity with significant long-term potential.

Highlights

  • Rare NNN freezer/cooler investment opportunity.
  • Guaranteed by Universal Pure, a major national tenant.
  • Located in the strong economic area of Allen County, OH.
  • Eight-year lease remaining with two five-year options.
  • 3% annual rent escalations.

Property Details for 1571 Gressel Dr

Property type
Warehouses, Industrial properties
Square Feet
36,616 SF
Year Built
2010
Buildings
1
Units
1

Location Insight

City
Delphos
County
Allen
State
Ohio
Latitude
40.8549435
Longitude
-84.3194001
1571 Gressel Dr, Delphos, Ohio

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1571 Gressel Dr
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