Cornerstone Warehouse

Investment Summary
Industrial property for sale
Sale price: $19 million
Cap rate: 5.23%
Current tenant: Cornerstone Warehouse
Occupancy: 100%
2021 base rent: $993,669
Rent escalations: 3% annually
Expiration date: December 31, 2026 (termination right January 1, 2024)
Renewal options: (2) five-year options
Lease type: NNN

Property Summary
112,138 total SF
97,138 SF warehouse
15,000 SF office
7.09 acres
PI-1 zoning
14 dock-high doors
4 ground-level doors
30’ clear height
129 parking stalls
Built in 2016