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Single-Tenant Industrial

Enson Group Portfolio

605 N Wayne Ave, Cincinnati, OH 45215

Listing Price: $28,000,000

Cap Rate
8.01%
Gross SF
197,014
Price/Gross SF
$142.12
Lot Size
10.88 acres
Year Built
1965
Rentable SF
197,014

Investment Overview

Marcus & Millichap is pleased to present a 15-year sale-leaseback offering of a three-building, cold storage/freezer distribution warehouse portfolio across three different Midwest states. The portfolio spans three states (Cincinnati and Indianapolis MSAs) and is comprised of ±197,014 total square feet.

The tenant, Enson Group, is a food distribution company with an emphasis in Asian food-service products. The subject properties will be used to service Enson’s supermarket locations throughout the Midwest. At close of escrow, Enson Group is offering to sign a 15-year absolute net lease, with 3% annual rental increases and two, five-year options at each of the three facilities.

The purchase of this offering presents an investor with the opportunity to own a mission-critical freezer/cold storage facilities, strategically located for Enson Group’s distribution needs throughout the Midwest. At the current list price of $28,000,000 the investment offering will generate an in-place net operating income of $2,243,780 which equates to a capitalization rate of 8.01%

Investment Highlights

  • 3 property sale-leaseback portfolio investment opportunity
  • Midwest locations | Cincinnati MSA & Indianapolis MSA
  • Passive investments | Absolute net lease structures (zero landlord responsibilities)
  • Cold storage/freezer build-outs | Range from 40%-70% of total building areas
  • Mission critical facilities | Midwest food storage and distribution centers for Enson Group
  • Enson Group | Food distribution company with emphasis in Asian food-service products

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Single-Tenant Industrial

Enson Group Portfolio

Listing Price: $28,000,000

Cap Rate
8.01%
Gross SF
197,014
Price/Gross SF
$142.12
Lot Size
10.88 acres
Year Built
1965
Rentable SF
197,014

Investment Highlights

  • 3 property sale-leaseback portfolio investment opportunity
  • Midwest locations | Cincinnati MSA & Indianapolis MSA
  • Passive investments | Absolute net lease structures (zero landlord responsibilities)
  • Cold storage/freezer build-outs | Range from 40%-70% of total building areas
  • Mission critical facilities | Midwest food storage and distribution centers for Enson Group
  • Enson Group | Food distribution company with emphasis in Asian food-service products

Investment Overview

Marcus & Millichap is pleased to present a 15-year sale-leaseback offering of a three-building, cold storage/freezer distribution warehouse portfolio across three different Midwest states. The portfolio spans three states (Cincinnati and Indianapolis MSAs) and is comprised of ±197,014 total square feet. The tenant, Enson Group, is a food distribution company with an emphasis in Asian food-service products. The subject properties will be used to service Enson’s supermarket locations throughout the Midwest. At close of escrow, Enson Group is offering to sign a 15-year absolute net lease, with 3% annual rental increases and two, five-year options at each of the three facilities. The purchase of this offering presents an investor with the opportunity to own a mission-critical freezer/cold storage facilities, strategically located for Enson Group’s distribution needs throughout the Midwest. At the current list price of $28,000,000 the investment offering will generate an in-place net operating income of $2,243,780 which equates to a capitalization rate of 8.01%

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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