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1571 Gressel Dr 36,616 SF Industrial Building Delphos, OH 45833 $6,200,000 ($169.32/SF) 6.34% Cap Rate
Investment Highlights
- Rare NNN Freezer/Cooler Investment Property
- Allen County is a National Recognized Economic Area
- 3% Annual Rent Escalations
- Guaranteed by Strong National Tenant
- Eight Years Remaining, Two-5 Yr Renewal Options
- Minimal LL Responsibilities
Executive Summary
The subject is a net lease freezer/cooler industrial building leased to HydroFresh HPP Ltd . The lease is guaranteed by Universal Pure, the largest independent provider of high pressure processing (“HPP”) and cold chain solutions for food & beverage customers in North America. Universal acquired the HydroFresh HPP in 2022.
Property Facts
| Price | $6,200,000 | Rentable Building Area | 36,616 SF |
| Price Per SF | $169.32 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 2010 |
| Cap Rate | 6.34% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.3/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 42’ |
| Building Class | B | No. Dock-High Doors/Loading | 11 |
| Lot Size | 3.00 AC |
| Price | $6,200,000 |
| Price Per SF | $169.32 |
| Sale Type | Investment NNN |
| Cap Rate | 6.34% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.00 AC |
| Rentable Building Area | 36,616 SF |
| No. Stories | 1 |
| Year Built | 2010 |
| Tenancy | Single |
| Parking Ratio | 0.3/1,000 SF |
| Clear Ceiling Height | 42’ |
| No. Dock-High Doors/Loading | 11 |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Hydrofresh HPP
- Transportation and Warehousing
- 36,616 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Hydrofresh HPP | Transportation and Warehousing | 36,616 SF | - | Triple Net | - |
1 1
Property Taxes
| Parcel Number | 25-20-00-02-003.006 | Improvements Assessment | $1,120,040 |
| Land Assessment | $26,570 | Total Assessment | $1,146,610 |
Property Taxes
Parcel Number
25-20-00-02-003.006
Land Assessment
$26,570
Improvements Assessment
$1,120,040
Total Assessment
$1,146,610
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