1571 Gressel Dr Delphos, OH 45833
- Industrial properties
- 37,000 SF
- 3.00 lot acres
Current Use by Public Records
- Hydrofresh HPP / Food Processing Company / Warehouse
Property Details for 1571 Gressel Dr
- Year built
- 2010
- Lot size
- 3.00 lot acres
- Property size
- 37,000 SF
- Property type
- Industrial properties
- APN
- 25-2000-02-003.006
- APU
- 25200002003006
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Delphos
- County
- Allen
- State
- Ohio
- Longitude
- -84.3196
- Latitude
- 40.8549
- CBSA code
- 30620
- CBSA name
- LIMA, OH METROPOLITAN STATISTICAL AREA
