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|Remaining Term||10 years, 6 months|
|Tenant||Mauser Packaging Solutions|
JLL is pleased to offer for sale the fee-simple interest in a mission-critical facility industrial warehouse facility leased to industry leading packaging conglomerate, Mauser Packaging Solutions. The Minneapolis-based location totals ±32,000 square feet and operates under the Company’s vital “Reconditioning Services” business unit.
The offering represents a unique opportunity to purchase an appreciating cash flow tenanted by a private equity-backed industry leader, poised to capitalize on the inherent need to provide industrial packaging for the ±$36 trillion of manufactured goods produced worldwide.
- Over 11 years of remaining lease term; 3.0% bi-annual escalations
- NNN leases ensure minimal landlord responsibilities
- Annual net absorption of 3.64 million square feet from 2012 to 2018
- Industrial packaging conglomerate with revenues of $4 billion
- Strong infrastructural connectivity with below-market rents
- Industrial packaging industry is forecasted to grow by a 5.4% CAGR over the next 6years