Industrial    

PetroChoice Portfolio of 3

 Superior, WI | Chisholm, MN | Negaunee, MI

Portfolio Pricing

$3,133,333

Cap Rate

7.50%

Icon_guarantee_shield-1

Strong Corporate Tenant

PetroChoice

Expansion

Total SF

±73,000

Icons_Lease-Icon

Recent Lease Extension

4.7 Years Co-Terminus

Icons-Acreage

Total Acreage

10.78 Acres

Icon-Below Market Rents

Below Market Rents

37%+ Below Market

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

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   

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

3414 Peachtree Rd NE, Suite 900
Atlanta, GA 30326

northmarq.com