Investment Overview

Marcus & Millichap is pleased to present the 29,420 square foot industrial building currently occupied by Parker Hannifin. Parker Hannifin is a global company that enables engineering breakthroughs that lead to a better tomorrow. As the global leader in motion and control technologies, Parker plays a pivotal role in applications that have a positive impact on the world. Parker has been a tenant in the property since 1991. The site is home to the medical systems business unit. The long-term tenant has nine two-years options left on their lease. Although the income remains unchanged, at the eight- and one-half percent cap rate, the property will provide a return, far above most other conservative investment vehicles.