- The 187K square foot cold storage facility and dry warehouse located in Arlington, IL is 100% leased through 2019 to a specialty food importer and distributor. Year 1 NOI should be about $1.5M with annual rent escalations built into the lease. The initial cap rate is 8.1%, and the annualized straight-line cap rate is 8.4%.
- GPT's purchase was an all-cash deal.
- Source: Press Release
From other sites
at Nasdaq.com (Mar 25, 2015)
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at Nasdaq.com (Mar 11, 2015)
at MarketWatch.com (Nov 19, 2013)
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