Overview
2555 Oak Industrial Drive NE, located in Grand Rapids, MI, is a 117,944 SF industrial building situated on approximately 9.035 acres. The property is fully occupied by a single, international tenant, under a long-term absolute net lease, offering minimal landlord responsibilities. The building, featuring robust infrastructure, includes 11 dock doors, 7 grade level doors, heavy power supply, and outdoor storage space.
Lease Type | Absolute Net
Annual Rent Increases | 2.5%
$1.425M Recently Invested | $525,000 on a new roof, $575,000 in TI, and over $325,000 in additional improvements by the tenant
Landlord Responsibilities | Roof & structure only
Roof replacement | Sheduled for May 2025
Investment Highlights
Transcendia, Inc. is a manufacturer of custom-engineered films and materials, supplying high-performance products to regulated industries across the globe. With over 90 years of experience, the company operates a broad manufacturing platform and serves more than 5,000 customers worldwide.
Established Operator | Founded in 1931, with headquarters in Franklin Park, Illinois.
Global Manufacturing Footprint | 17 production facilities and 3 distribution centers in North America and Europe.
Diverse Customer Base | Serves the healthcare, food and beverage, industrial, and publishing markets.
Broad Technical Capabilities | Expertise includes extrusion, coating, laminating, slitting, and specialty converting.
Quality & Compliance | Certified to ISO 9001:2015 standards with systems designed for regulated markets.
Long-Term Stability | Privately held with a strong history of reinvestment and operational growth.
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