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Mar 18, 2019Plant is offered for sale with Real Estate
Lease Abstract
Tenant:
1st Tier National Ground Package Systems Company

Guarantor:
1st Tier National Ground Package Systems Company
Top Rated:
(S&P Rating: BBB)

Property
Address:
South Brooklyn, NY


Year Built: 2014-2015
Base Lease Term: Fifteen (15) years
Rent
Commencement:
July 1, 2015 (estimated)
Lease Expiration: June 30, 2030
Renewal
Options:
Two (2), ten (10) year renewal
options
Annual Rent: $10,341,468
Rental Increases:
7.5% every 5 years, including
during the extensions
Lease Type: NN

Landlord
Responsibility:
Landlord is responsible for
roof and structure. Tenant
is responsible for all other
expenses including taxes,
insurance, utilities and common
area maintenance.

Ownership
Interest:
Fee Simple (Land and Building)

3% Buyers fee Principals Only
Must complete N.D.A with fee agreement to start the process with BIO:
Will send full setup sheet with address, rents.
(price,terms,availability subject to change at anytime, Circumvention strictly prohibited per real estate law, all property recorded as posted.

Offers must be submitted With L.O.I W/P.O.F's
LOI is subject to standard seller due diligence and Inspection

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