1309 S 58th St - Warehouse FOR SALE


Saint Joseph, MO 64507
$5,170,000 USD
248-226-1610
1309 S 58th St, Saint Joseph, MO for Sale
$5,170,000 USD
Warehouse - FOR SALE
1/2
null | 6.5% Cap Rate

1309 S 58th St
Saint Joseph, MO 64507


HIGHLIGHTS

  • Located in exceptional industrial markets outside of the Charlotte and Kansas City MSA’s.
  • The two properties comprise a total of nearly 130,000 square feet on over 12 acres.

OVERVIEW

*Price Listed is proportion of portfolio price, not individual price. Jonna Group of Colliers International is pleased to present the opportunity to acquire a portfolio of two Industrial Properties leased to Filtration Group, LLC. Filtration Group guarantees both leases and carries a “B” rating from Standard & Poor’s. Filtration Group has more than 7,200 employees across 28 countries, with an annual revenue of over $1.5 Billion. Filtration Group is a leading manufacturer of filtration products, science tools, fiber and foam material development, and industrial technologies, including hydraulic filters. The two properties comprise a total of nearly 130,000 square feet on over 12 acres. Filtration Group leases and occupies the full 49,614 SF at the York, SC location. BMS Logistics, Inc. operates under a sublase at the St. Joseph, MO location. BMS Logistics, Inc. has operated at this location since July of 2016 and their sublease extends into 2024. This offering provides potential buyers with attractive returns and rent increases to hedge against inflation. In addition, there are 6+ years of term remaining and guaranteed by a strong, essential, credit-rated tenant, ensuring reliable returns. The portfolio is also located in exceptional industrial markets outside of the Charlotte and Kansas City MSA’s, strengthening lease renewal potential or retenanting potential.

FOR SALE DETAILS

PRICE

$5,170,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Unit Filtration Group Portfolio

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

UTILITIES

-

CLEAR CEILING HT

32 Ft

DOCKS

16

DRIVE INS

4

PARKING SPACES

86

LAND DETAILS

LAND ACRES

4.82

LAND SF

209,959

ZONING

COM

APN/PARCEL ID

07-4.0-18-003-000-001.018

ASK ABOUT THIS PROPERTY

Simon JonnaJonna GroupMore Info
248-226-1610

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Simon JonnaJonna GroupMore Info
248-226-1610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.