The site is leased to a credit tenant and boasts annual rent increases
Los Angeles, CA (PRWEB) January 20, 2012
The Royston Group has announced it will be selling a 23,000 square foot single tenant net lease industrial cross dock facility leased to ABF Freight Systems. The property is located in Louisville, KY. The building sits on 7.66 acres of land and is leased to ABF on an net lease basis for 11 years. The building was originally constructed in 1990 and completely refurbished and remodeled in 2001.
Greg Cortese and Rob Sutton of The Royston Group started marketing the property in mid January. The facility is constructed of concrete block with a reinforced concrete foundation. The site was expanded in 2001 and contains 60 loading doors.
“This cross dock facility is strategically located within a one day drive of several large metropolitan areas ” said VP of Investment Sales Rob Sutton. “Additionally the site is leased to a credit tenant and boasts annual rent increases”
For more information about this property please contact Rob Sutton, CCIM.
Greg Cortese, President of The Royston Group and Rob Sutton, Vice President of the Royston Group, specialize in the sale of single tenant net lease properties. The Royston Group is a privately held commercial real estate investment firm, founded in 1992. The company provides services for a multitude of net lease commercial property types including office, industrial, retail and medical. The firm has completed over $1.5 billion in real estate sales since its inception. http://www.theroystongroup.com