PPAF acquired an interest in a 191,173 SF single-tenant building located in the greater metropolitan market of Minneapolis. The property is 100% leased to Thermo-Tech, a subsidiary of Harvey Industries, a $500mm industrial conglomerate, with a 7.5 year net lease agreement. Current annual cash-on-cash returns are 15%, with additional benefits of accelerated depreciation, property appreciation, and low interest financing contribute to a strong cash flowing property. Minneapolis is a premier distribution market and highly sought after by both corporate occupiers and investors.
7.5 Year Lease
15% Cash Flow