Industrial    

PetroChoice Portfolio of 3

Investment Sale

 Superior, WI | Chisholm, MN | Negaunee, MI

Portfolio Pricing

$2,937,500

Cap Rate

8.00%

Disclaimer: This is an investment sale of the real estate leased to Petrochoice, not a sale of the business.
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Strong Corporate Tenant

PetroChoice

Expansion

Total SF

±73,000

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Recent Lease Extension

4.7 Years Co-Terminus

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Total Acreage

10.78 Acres

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Below Market Rents

37%+ Below Market

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Strong Corporate Tenant - Acquired by Cosan S.A. (NYSE: CSAN) in May '22
  • Recent Acquisition - PetroChoice acquired from Golden Gate Capital in May of 2022 for $479 million
  • Recent Extension - 4.7 Years Co-Terminus
  • Below Market Rent - Current rents are 37%+ below the sub-market averages
  • Strong Industrial Submarket - Superior, WI boasts an avg. annual rent growth of 6.4% over the last 3 years
  • Strong Logistics Location - Adjacent to Airport

Exclusively Listed By

Jason W. Powell, CCIM

Senior Vice President
  jpowell@northmarq.com   

Colin Couch

Vice President
  ccouch@northmarq.com      404.823.6376

Max Van Dresser

Associate Vice President
  mvandresser@northmarq.com   

Tyler McCain

Investment Sales Analyst
  tmccain@northmarq.com   

In Association with:
Bradley J. Feller 

MI Broker #6506047670
WI Broker #57176-90

Pat Minea

MN Broker #40341542

Northmarq

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