NNN Industrial Investment

Overview

This offering presents an opportunity to acquire a 54,000-square-foot, two-building industrial portfolio combining durable in-place income with value creation and owner-user flexibility. Offered at $6,250,000, the property provides investors with an established income-producing asset alongside a second building positioned for lease-up, occupancy, or future repositioning.2700 GirardThe cornerstone of the investment is 2700 Girard Blvd NE, a 40,000-square-foot industrial facility leased to Johnstone Supply, The Balsan Group, dba Johnstone Supply, an established HVAC/R distributor affiliated with the nationally recognized brand. The initial lease extends through February 2036 and includes two additional five- year extension options, providing long-term income and the potential for continued occupancy. At the offering price allocation, the Johnstone Supply building is valued at a 7.0% capitalization rate.2704 - 2708 GirardThe adjacent 2704–2708 Girard Blvd NE consists of one to four suites, totaling approximately 14,000 square feet and will delivered vacant. Valued at approximately $130 per square foot, this building creates a compelling value-add component within the offering. A new owner can pursue lease-up to generate additional NOI and enhance overall investment returns, or an owner-user can occupy the building while benefiting from the income generated by the adjacent Johnstone Supply tenancy.