1571 Gressel Dr Delphos, OH 45833
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Net-leased warehouse, strong tenant.
Property size:
36,616 SFProperty Features for 1571 Gressel Dr
General Information
- Property type
- Manufacturing properties
- Square Feet
- 36,616 SF
Building Details
- Year Built
- 2010
- Buildings
- 1
- Units
- 1
Listing Agent: Mark Baringer
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 36,616-square-foot, net-leased industrial warehouse located at 1571 Gressel Dr, Delphos, OH 45833, in Allen County. The property, built in 2010, boasts a 42-foot ceiling height, one loading dock, and ten dock-high doors. Currently 100% occupied by a single tenant under a net lease agreement, this property offers a compelling 6.16% cap rate at an asking price of $6,200,000 ($169.32/sq ft). The lease, commencing June 1, 2022, has eight years remaining with two five-year renewal options and a 3% annual rent escalation. The tenant, HydroFresh HPP Ltd., is guaranteed by Universal Pure, a major North American provider of high-pressure processing and cold chain solutions. This presents a rare opportunity to acquire a freezer/cooler industrial building with minimal landlord responsibilities and a strong, nationally recognized tenant in a robust economic area. The property features one building on a single unit, with the APN 25-2000-02-003.006. This is a truly exceptional net triple-net (NNN) investment opportunity with significant long-term potential.
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
- -84.3194001
- Latitude
- 40.8549435
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FAQs
What type of property is this?
Manufacturing property - Net-leased warehouse, strong tenant.
Where is this manufacturing property located?
The property is located at 1571 Gressel Dr 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: Rare NNN freezer/cooler investment opportunity.; Guaranteed by Universal Pure, a major national tenant.; Located in the strong economic area of Allen County, OH.
