Long Term Single Tenant Net Leased Industrial Property
* 100% Leased to Chefmaster, a division of Byrnes & Kiefer Company; a leading manufacturer with over 80 years of experience in food color and edible decorating products with a goal to deliver quality, variety, and reliability to their customers. The company offers customized color systems in optimized packaging, baking supplies and decorating products branded business to business.
* Chefmaster is a growing company with low debt and solid local credit providing investors with secure stable cash flow.
Significant Tenant Capital Investment into the Property
* The tenant has spent over $1.6m of their own capital to build out their manufacturing facility, showing their long term desire to remain at the property. The facility is USDA approved and annually inspected by FDA third party SQF audit.
Superior North Orange County Location with Tremendous Upside
* The property is well positioned for future rent growth given that the Fullerton market has one of the lowest overall vacancy rates in all of Southern California at 1.3%. There are currently no buildings available between 40 60 K SF in the Fullerton submarket. This lack of available space will continue to drive rental rates higher and keep the market in landlord' s favor for the foreseeable future.
