Institutional Property Advisors (IPA), a division of Marcus and Millichap, is pleased to offer the opportunity to acquire a 320,764 SF single tenant manufacturing industrial asset (“Asset”) leased to Hopkins Manufacturing (“Tenant”). The lease has +/-11.5 years of firm term remaining after renewing on a long-term basis in 2020. The lease is an absolute NNN structure with no landlord responsibilities.

This Asset is a mission critical manufacturing asset for Hopkins Manufacturing. The Asset consists of a manufacturing facility featuring 24’ clear height, two drive-in doors, and 18 dock high doors. The building consists of manufacturing areas that includes 20 injection mold machines, product storage, conveyor belts, and warehousing. Given the low in place rental rate of $3.20/SF NNN, which is a substantial discount to new construction rents, it will also be extremely difficult for the Tenant to replicate this rent at a different facility.