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Single-Tenant Industrial

Bristol ID Technologies SLB

1370 Rochester St, Lima, NY 14485

Listing Price: $2,860,000

Cap Rate
7.50%
Gross SF
33,000
Price/Gross SF
$86.67
Lot Size
39.97 acres
Year Built
2004
Rentable SF
33,000

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 1370 Rochester Street, Lima, New York. The subject property is a 33,000-square-foot build-to-suit facility that will be offered to be purchased as a sale-leaseback, which will be executed at close of escrow. The building is currently occupied by Bristol ID Technologies, a custom plastic card manufacturer. At close of escrow, current ownership will be offering to sign a 10-year lease with multiple five-year options to renew. The offering will operate on an absolute net lease structure, containing zero landlord responsibilities. Built in 2004, the owner has since expanded the facility on the large land site which sits on 39.97 acres. The purchase of this offering presents an investor with the opportunity to acquire a truly passive single-tenant industrial investment. At the current list price of $2,860,000 the offering will generate an NOI of $214,500 which equates to an capitalization rate of 7.50 percent.

Investment Highlights

  • Single-tenant industrial sale-leaseback offering with Bristol ID Technologies
  • Truly passive investment | Absolute net lease structure
  • 10-year lease to be executed at close of escrow
  • Build-to-suit location | Recent expansion showing commitment to the site
  • Large land site | 39.97 acres for continued expansion

Exclusively Listed By

Single-Tenant Industrial

Bristol ID Technologies SLB

Listing Price: $2,860,000

Cap Rate
7.50%
Gross SF
33,000
Price/Gross SF
$86.67
Lot Size
39.97 acres
Year Built
2004
Rentable SF
33,000

Investment Highlights

  • Single-tenant industrial sale-leaseback offering with Bristol ID Technologies
  • Truly passive investment | Absolute net lease structure
  • 10-year lease to be executed at close of escrow
  • Build-to-suit location | Recent expansion showing commitment to the site
  • Large land site | 39.97 acres for continued expansion

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 1370 Rochester Street, Lima, New York. The subject property is a 33,000-square-foot build-to-suit facility that will be offered to be purchased as a sale-leaseback, which will be executed at close of escrow. The building is currently occupied by Bristol ID Technologies, a custom plastic card manufacturer. At close of escrow, current ownership will be offering to sign a 10-year lease with multiple five-year options to renew. The offering will operate on an absolute net lease structure, containing zero landlord responsibilities. Built in 2004, the owner has since expanded the facility on the large land site which sits on 39.97 acres. The purchase of this offering presents an investor with the opportunity to acquire a truly passive single-tenant industrial investment. At the current list price of $2,860,000 the offering will generate an NOI of $214,500 which equates to an capitalization rate of 7.50 percent.

Exclusively Listed By

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