Catylist ID: #30393002
Sale-Leaseback 3 Asset Portfolio
Industrial for Sale
|Catylist Listing ID:||30393002|
|Building Size (RSF):||193,121 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||0.01 Acres|
|Unit Price:||$62.14 PSF|
|Docks/Doors:||12 Docks, 15 Doors|
|Property Use Type:||Investment|
|Building Name:||Hatch Stamping|
Overview / Comments
The subject opportunity is a three-building sale-leaseback to Hatch Stamping Company. A Metro Detroit-based metal stamping firm located in Chelsea & Spring Arbor, Michigan. Hatch Stamping Company will sign a 15-year, corporately-guaranteed, absolute net lease upon disposition of the assets. The proposed lease rate for the offering has a weighted average of $4.82/psf absolute net, which reflects the market rate.
Buildings included are as follows:
*635 E. Industrial Dr., Chelsea 114,991 sq. ft.
*570 Cleveland St., Chelsea 52,532 sq. ft.
*190 W. Main St., Spring Arbor 25,598 sq. ft.
Attachments & Media
|Nearest MSA:||Ann Arbor|
|Submarket/Township:||Washtenaw W of 23|
|Parking Description:||Ample Parking|
|Proximity:||1 mile||3 miles||5 miles|
Luke C. TimmisSignature Associates CPIX Member
Griffin PitcherSignature Associates CPIX Member
Jim MontgomerySignature Associates CPIX Member
|© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|