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2-Unit Filtration Group Portfolio 1309 S 58th St

80,171 SF Industrial Building Saint Joseph, MO 64507 £4,079,130 (£51/SF) 6.50% Net Initial Yield

Investment Highlights

  • Located in exceptional industrial markets outside of the Charlotte and Kansas City MSA’s.
  • The two properties comprise a total of nearly 130,000 square feet on over 12 acres.

Executive Summary

*Price Listed is proportion of portfolio price, not individual price.
Jonna Group of Colliers International is pleased to
present the opportunity to acquire a portfolio of two
Industrial Properties leased to Filtration Group, LLC.
Filtration Group guarantees both leases and carries
a “B” rating from Standard & Poor’s. Filtration Group
has more than 7,200 employees across 28 countries,
with an annual revenue of over $1.5 Billion. Filtration
Group is a leading manufacturer of filtration
products, science tools, fiber and foam material
development, and industrial technologies, including
hydraulic filters.
The two properties comprise a total of nearly
130,000 square feet on over 12 acres. Filtration
Group leases and occupies the full 49,614 SF at
the York, SC location. BMS Logistics, Inc. operates
under a sublase at the St. Joseph, MO location. BMS
Logistics, Inc. has operated at this location since July
of 2016 and their sublease extends into 2024.
This offering provides potential buyers with
attractive returns and rent increases to hedge
against inflation. In addition, there are 6+ years
of term remaining and guaranteed by a strong,
essential, credit-rated tenant, ensuring reliable
returns. The portfolio is also located in exceptional
industrial markets outside of the Charlotte and
Kansas City MSA’s, strengthening lease renewal
potential or retenanting potential.

Property Facts

Price £4,079,130
Price Per SF £51
Sale Type Investment NNN
Net Initial Yield 6.50%
Sale Conditions Portfolio Sale
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 4.82 AC
Rentable Building Area 80,171 SF
Number of Floors 1
Year Built 1997
Tenancy Single
Parking Ratio 1.07/1,000 SF
Clear Ceiling Height 32 ft
No. Dock-High Doors/Loading 16
Level Access Doors 4

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Manufacturing
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

They offer full concept-to-completion services for the product displays essential in today's retail marketplace. They help showcase products during special promotions, seasonal sales or introductory marketing campaigns with eye-catching displays of all shapes, sizes, and configurations. They provide concept-to-completion contract packaging, variety packaging, registered film bundling, and special assembly. They also offer design and cost-management consulting to give the best packaging solutions for products. They offer complete order fulfillment and distribution services to help with piece pick, case goods or full pallet processing requirements. Their technology and experience can alleviate fulfillment problems often encountered with online stores and distribution obligations.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Manufacturing 99,999 SF $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-4.0-18-003-000-001.018
Land Assessment
£31,805
Improvements Assessment
£552,111
Total Assessment
£583,915

zoning

Zoning Code COM
COM
  • Listing ID: 25930331

  • Date on Market: 14/06/2022

  • Last Updated:

  • Address: 1309 S 58th St, Saint Joseph, MO 64507

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