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Specialize Agriculture Industrial 4 Industrial Properties in Multiple Locations
Investment Highlights
- World’s Largest Beekeeping Supply Company and a Dominant Market Position
- 4 Assets Totaling 421,885 SF Across 4 States
- 40+ Years of Occupancy
- Debt-Free Tenant, Balance Sheet Fully Recapitalized in March 2025
- Desirable NNN Master Lease Structure with 2.5% Annual Escalations and Over 18 Years of Remaining Term
- In-House Manufacturing, Bee Production, and Sugar Processing
Executive Summary
CBRE, Inc., on behalf of ownership as its exclusive advisor, is pleased to offer for sale the fee-simple interest in the Specialized Agriculture Industrial Portfolio. The Portfolio is 100% net leased through May 31, 2045, to Mann Lake Acquisition, Inc., the world’s largest beekeeping supply company. Mann Lake was acquired in March 2025 by a coalition of private family investors in partnership with management and carries a debt-free balance sheet. Mann Lake’s market leadership is underpinned by a high level of vertical integration with in-house manufacturing, live bee production, and sugar processing alongside sustained replacement demand across core product categories.
The portfolio spans the corporate headquarters and manufacturing facility in Minnesota, beehive manufacturing in Kentucky, and regional distribution centers in California and Florida. The portfolio totals 421,885 SF with all four properties under a master lease expiring in May 2045. The portfolio offers investors the excellent opportunity to acquire a diverse industrial portfolio leased to a market leading tenant.
The portfolio spans the corporate headquarters and manufacturing facility in Minnesota, beehive manufacturing in Kentucky, and regional distribution centers in California and Florida. The portfolio totals 421,885 SF with all four properties under a master lease expiring in May 2045. The portfolio offers investors the excellent opportunity to acquire a diverse industrial portfolio leased to a market leading tenant.
Property Facts
| Sale Type | Investment NNN | Individually For Sale | 0 |
| Status | Active | Total Building Size | 421,885 SF |
| Number of Properties | 4 | Total Land Area | 42.19 AC |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 421,885 SF |
| Total Land Area | 42.19 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 500 Santa Anita Dr, Woodland, CA 95776 | Industrial | 68,915 SF | 1980 | - |
| 301 Bert Schulz Blvd, Winter Haven, FL 33881 | Industrial | 49,807 SF | 1988 | - |
| 807 W Main St, Clarkson, KY 42726 | Industrial | 133,334 SF | 1925 | - |
| 501 1st St S, Hackensack, MN 56452 | Industrial | 169,829 SF | 1974 | - |
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Contacts
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Christina Zingale -
Guy Ponticiello -
Maury Vanden Eykel -
Patrick Reiman -
Bruce Westwood-Booth -
Kyle Sals -
Jon Fink -
Sandy Barin -
Blake Scinta -
Todd Sanfilippo, SIOR -
David Murphy -
Steve Roth
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CBRE
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Specialize Agriculture Industrial
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