CBRE Capital Markets’ National Partners team has been exclusively retained by Angelo, Gordon & Co. to market the Single Tenant National Portfolio, a long-term, triple-net lease (NNN) portfolio consisting of approximately two million square feet of industrial space located in eight mission critical industrial facilities in Alabama, California, Georgia, Illinois, New Jersey, Texas and Wisconsin.
The portfolio is currently 100% triple-net leased to five nationally and regionally recognized tenants with a remaining lease term of just over eleven and a half years. The locations offer solid real estate fundamentals, logistical infrastructure, access to skilled labor, outstanding transportation systems and growing populations. The portfolio offers strong in-place net operating income and is poised to experience strong growth throughout the buyer’s projected hold period due to contractual rent bumps and CPI-based rent adjustments.
Investors are encouraged to bid on the entire portfolio, however bids for individual assets from qualified buyers will be considered.
The facilities included in the portfolio are:
• 2505 & 2533 Foster Ave., Janesville, Wisconsin, 277,270 square feet
• 3202 Latham Dr., Madison, Wisconsin, 135,617 square feet
• 2400 West Central Rd., Chicago, Illinois, 527,661 square feet
• 1230 North Tustin Ave., Anaheim, California, 160,000 square feet
• 7000 LaGrange Blvd., Atlanta, Georgia, 260,000 square feet
• 10 Corn Rd., Dayton, New Jersey, 295,000 square feet
• 300 FM 1417 West, Dallas, Texas, 311,650 square feet
• 2750 Crestwood Blvd., Birmingham, Alabama, 62,814 square feet
Jack Fraker, Chris Riley, Michael Hines, Michael Caprile and Darla Longo of CBRE’s National Partners team will market the Single Tenant National Portfolio.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
