1571 Gressel Drive Delphos, OH 45833
Net lease freezer/cooler industrial building leased to HydroFresh HPP Ltd.
Type:Industrial
Property size:
36,616 SFPrice / SF:
$169/SF- Added:
- Nov 21, 2025
- Days on Market:
- 165
- Last Refresh:
- Dec 3 at 5:03 am
Property Features for 1571 Gressel Drive
General Information
- Standard status
- Active
- Size
- 36,616 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2010
Listing agent Mark Baringer License #OH #SAL.0000272275 (419) 438-5839
Listing office NAI Harmon Group (419) 438-5839
Listing date Nov 21, 2025
Source Naiglobal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of NAI Harmon Group
Overview
Net Lease Freezer/Cooler Investment
The subject property is a net lease freezer/cooler industrial building leased to HydroFresh HPP Ltd. The lease is guaranteed by Universal Pure, a provider of high pressure processing and cold chain solutions for food and beverage customers in North America. Universal acquired HydroFresh HPP in 2022. Tenant financials are available for due diligence. There are eight years remaining on the original ten-year lease, with 3% annual rent escalations. There are also two five-year options to renew. The ten-year lease commenced on 6/1/2022. It is an absolute net lease with 3% annual escalations. The current annual lease rate is $393,381. The lease term ends in June 2032. The property is 36,616 square feet.
Delphos is located on US 30 between Lima and Van Wert in Northwest Ohio, and is part of both Van Wert and Allen counties. Lima/Allen County was recognized as the #3 metro under 200,000 population for economic development in the country, as determined by Site Selection magazine. The subject is located in an industrial area along US 30. This area includes multiple buildings for Lakeview Farms, a food manufacturer of dips, desserts and specialty products nationally. A new $3-35 million expansion is planned for the Lakeview campus. The area also includes Vanamatic, a global supplier of precision made products, and Rode's Meats, a new $6 million meat processing facility. It is also adjacent to Wannemacher Commercial Park and a new Love's travel center.
Delphos is located on US 30 between Lima and Van Wert in Northwest Ohio, and is part of both Van Wert and Allen counties. Lima/Allen County was recognized as the #3 metro under 200,000 population for economic development in the country, as determined by Site Selection magazine. The subject is located in an industrial area along US 30. This area includes multiple buildings for Lakeview Farms, a food manufacturer of dips, desserts and specialty products nationally. A new $3-35 million expansion is planned for the Lakeview campus. The area also includes Vanamatic, a global supplier of precision made products, and Rode's Meats, a new $6 million meat processing facility. It is also adjacent to Wannemacher Commercial Park and a new Love's travel center.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hydrofresh HPP
Food Processing Plant
Location Insight
- Map
- Local Demand
- City
- Delphos
- County
- Allen
- State
- Ohio
- Longitude
- -84.32169
- Latitude
- 40.856607
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Net lease freezer/cooler industrial building leased to HydroFresh HPP Ltd.
Where is this industrial property located?
The property is located at 1571 Gressel Drive Delphos, OH.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Net lease freezer/cooler industrial building leased to HydroFresh HPP Ltd, guaranteed by Universal Pure.; Absolute net lease with 8 years remaining and two 5‑year renewal options.; **3% annual rent escalations.**
