Net Leased Industrial Investment

For Sale

1571 Gressel Drive, Delphos, OH 45833

This Delphos property for sale is located at 1571 Gressel Drive. The current listed sale price for Net Leased Industrial Investment is $6,200,000. Net Leased Industrial Investment is situated on a lot that is 3 acre in size.

Contacts

broker
Mark Baringer

NAI Harmon Group

Property Details

  • Property Type Industrial
  • Property Size 36,616 SF
  • Lot Size 3 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2010
  • Date Updated Nov 27, 2024
  • Dock High Doors 11
  • Electricity Service 480v/800a 3 Phase
  • Fire Sprinklers Other
  • HVAC Other
Delphos is located on US 30 between Lima and Van Wert in Northwest Ohio, and is part of both Van Wert and Allen counties. Lima/Allen County was just recognized as the #3 metro under 200,000 population for economic development in the country, as determined by Site Selection magazine. The subject is located in an industrial area along US 30. This area includes multiple buildings for Lakeview Farms, a leading food manufacturer of dips, desserts and specialty products nationally. A new $3-35 million expansion is planned for the Lakeview campus. The area also includes Vanamatic, a global supplier of precision made products, and Rode's Meats, a new $6 million meat processing facility. It is also adjacent to Wannemacher Commercial Park and a new Love's travel center.The subject is a net lease freezer/cooler industrial building leased to HydroFresh HPP Ltd . The lease is guaranteed by Universal Pure, the largest independent provider of high pressure processing (“HPP”) and cold chain solutions for food & beverage customers in North America. Universal acquired the HydroFresh HPP in 2022. There are eight years remaining on the original ten year lease, with 3% annual rent escalations. There are also two five year options to renew. The ten year lease commenced on 6/1/2022. It is an absolute net lease with 3% annual escalations.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Rare NNN Freezer/Cooler Investment Property
  • Guaranteed by Strong National Tenant
  • Allen County is a National Recognized Economic Area
  • Eight Years Remaining, Two 5 Yr Renewal Options
  • 3% Annual Rent Escalations

Attachments

Getting around

  • 4/100

    Walk Score ®

  • 27/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Delphos, OH
  • Neighborhood Delphos
  • Zip Code 45833

Points of Interest

  • Speedway

    1.40 miles

  • Better Truck Stop

    8.14 miles

  • Canal St Car Wash

    1.26 miles

  • Subway

    1.25 miles

  • Elida Health Foods

    7.60 miles

  • Happy Daz

    8.58 miles

  • TJ's Pizza

    9.09 miles

  • Mellow Mushroom

    9.86 miles

  • Applebee's

    9.95 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Mark Baringer

NAI Harmon Group