Industrial Space Overview
Drew Foam, a leading manufacturer of custom expanded polystyrene products, holds a significant market share, producing over 20,000 distinct items for a vast customer base. The property in question serves as a manufacturing and distribution hub for the company, featuring a substantial 50,000 square foot building with ample storage and transport capabilities.
The warehouse boasts a spacious interior with a 25-foot ceiling height and clear heights of 22 feet, offering ample space for operations. Its sturdy construction, including concrete tilt-up walls, a steel frame, and an insulated metal roof, ensures durability. Numerous loading and unloading amenities facilitate efficient material handling, including ten dock-high loading doors, two drive-in doors, and a leveling dock. The property also enjoys convenient access to three-phase electrical service, natural gas, water and sewer utilities, a fire sprinkler system, and a security system.
The warehouse is further enhanced by modern features such as LED lighting, motion sensor lights, skylights for natural illumination, an office space, a break room with a kitchen, restrooms, and ample parking for both employees and visitors. Its location on a 5-acre lot with a fenced and gated perimeter provides a secure environment. Well-maintained landscaping and a convenient proximity to major transportation routes make the property both attractive and accessible.
The property is leased under a 20-year, absolute NNN agreement with 17.2 years remaining on the primary term, followed by four five-year option periods. There are no landlord responsibilities, and the lease includes attractive 2.25% annual rental increases, providing a hedge against inflation and increasing returns over time.
The warehouse boasts a spacious interior with a 25-foot ceiling height and clear heights of 22 feet, offering ample space for operations. Its sturdy construction, including concrete tilt-up walls, a steel frame, and an insulated metal roof, ensures durability. Numerous loading and unloading amenities facilitate efficient material handling, including ten dock-high loading doors, two drive-in doors, and a leveling dock. The property also enjoys convenient access to three-phase electrical service, natural gas, water and sewer utilities, a fire sprinkler system, and a security system.
The warehouse is further enhanced by modern features such as LED lighting, motion sensor lights, skylights for natural illumination, an office space, a break room with a kitchen, restrooms, and ample parking for both employees and visitors. Its location on a 5-acre lot with a fenced and gated perimeter provides a secure environment. Well-maintained landscaping and a convenient proximity to major transportation routes make the property both attractive and accessible.
The property is leased under a 20-year, absolute NNN agreement with 17.2 years remaining on the primary term, followed by four five-year option periods. There are no landlord responsibilities, and the lease includes attractive 2.25% annual rental increases, providing a hedge against inflation and increasing returns over time.
