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Serta Simmons Bedding 15 Houghtaling Rd 230,900 SF Industrial Building West Coxsackie, NY 12192 $19,100,000 ($82.72/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10 Year, Absolute NNN, Corporate Sale Leaseback with Zero Landlord Responsibilities
- Strategically Positioned on 16+ Acre Parcel
- Featuring Favorable 2% Annual Rent Increases Throughout the Initial Term
EXECUTIVE SUMMARY
New 10 Year, Absolute NNN, Corporate Sale Leaseback with Zero Landlord Responsibilities – Allows an investor the opportunity to acquire a NNN asset on a truly passive income structure
Featuring Favorable 2% Annual Rent Increases Throughout the Initial Term – Ensures predictable revenue growth and provides a significant hedge against inflation
Corporate Guarantee by SSB Manufacturing Company – A wholly owned subsidiary of Serta Simmons Bedding, the leading brand in 100+ countries
Strategically Positioned on 16+ Acre Parcel – Allows for extensive trailer parking and features excellent access and egress/ingress
20+ Year Historical Occupancy, Dual Functioning Site – Shows a strong commitment to the site with this location operating as a manufacturing facility as well as an office
Featuring Favorable 2% Annual Rent Increases Throughout the Initial Term – Ensures predictable revenue growth and provides a significant hedge against inflation
Corporate Guarantee by SSB Manufacturing Company – A wholly owned subsidiary of Serta Simmons Bedding, the leading brand in 100+ countries
Strategically Positioned on 16+ Acre Parcel – Allows for extensive trailer parking and features excellent access and egress/ingress
20+ Year Historical Occupancy, Dual Functioning Site – Shows a strong commitment to the site with this location operating as a manufacturing facility as well as an office
DATA ROOM Click Here to Access
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Number | 194200-041-000-0001-034-000-0000 | Improvements Assessment | $6,300,800 |
| Land Assessment | $139,200 | Total Assessment | $6,440,000 |
PROPERTY TAXES
Parcel Number
194200-041-000-0001-034-000-0000
Land Assessment
$139,200
Improvements Assessment
$6,300,800
Total Assessment
$6,440,000
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Serta Simmons Bedding | 15 Houghtaling Rd
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