Location: Sharon, MA

Contact: Lior Regenstreif

Company: Marcus & Millichap
Real Estate Investment Services

Phone: 818.907.9525

Offered at: $18,900,000

Investment Highlights

Site offers full-service Cold Storage, Refrigeration & Freezer Warehousing.
A Market Leading Tenant - Ranked 5th in the Industry (IARW Report).
Preferred Freezer is ranked 1st in seafood refrigeration. Offering a long-term 25 year NNN Lease (22-years remaining on base term) with rental escalations of approximately 8% every 5-years and no landlord requirements whatsoever. Next rental bump is in less than 24-months (8/2010).
Irreplaceable Real Estate in strong logistic region. Tenant has a diverse and stable customer base. Consistently operating at better than 90% capacity. Company wide, Preferred is operating 152+/- million cubic feet with the addition of their new facilities currently under construction or in development.

Irreplaceable in-place assumable financing offering purchaser an initial 6.13% ROI which bumps in aprox 25 months to 7.50%

Generalized Property Highlights

• 103,171 Sq ft on 9.97 acres, offering 4.7 million cubic feet of storage space in single-deep racking
  
• 14 dock doors and 59ft freezer height
  
• Built in 2002
  
• 25-year true NNN lease (22 years remaining on base term) and four 5-year options Located minutes from I-95; I-495 and I-93 making this site a logistics heaven
  
• Affluent suburb of Boston with AHHI over $105,670 within 1-mile radius Strong population density with over 78,800 residences within a 5-mile radius