400 S Stone St Fremont, OH 43420

The property is a 245,000 square foot manufacturing facility located in northwest Ohio (Toledo MSA). The facility is 100% leased to Auria Solutions Ltd., a global producer of automotive products including flooring, trunk trimming and liners, and paneling. The facility focuses on the production of automotive carpeting and seatbacks for automotive industry leaders. Operating 24/7 on a three-shift schedule, the property currently employs over 250 people. Originally completed in 1966 with additions throughout the 80’s and 90’s, the facility is divided into three sections purpose-built to meet tenant operations for approximately 40 years. On-site silos allow the user to store raw materials delivered weekly via direct rail access on the east side of the property. Auria recently entered into a 15-year sale-leaseback that has 12.3 years of remaining term and FMV renewal options that could extend the lease out to 2057. With 3% contractual annual increases, investors have the opportunity to acquire a mission-critical facility with stable, long-term, growing cash flow.