STNL Industrial Investment Sale

Investment Highlights

• Approximately 40% below market rents, with in-place NOI equating to approximately $3.60/SF Net versus an estimated market rental rate of $5.50-6+/SF NNN
• 25% cap rate based on scheduled November 1, 2026 NOI
• Leased to Simmers Crane Design & Services, a Flatiron Crane Company
• 20,800 SF crane-served manufacturing facility with existing bridge crane infrastructure throughout the primary manufacturing area
• Lease expiration October 31, 2028, with one 5-year renewal option
• More than $170,000 invested in capital improvements within the past 12 months, including:
  • New Duro-Last roof installed in 2025 with transferable 15-year warranty
  • New asphalt parking lot completed July 2026
  • Recent dock door and HVAC improvements
• Attractive basis of approximately $49/SF

Adjacent Land For Sale

• PID: 1610218002
• Land Acres: 1.23 acres
• 2025 Property Tax: $1,999
• Price: $150,000