Industrial & Logistics
Call for offer: 1 days

Universal Lighting Technologies

1430 Wall Triana Hwy, Madison, AL, 35756-8400, US

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Universal Lighting Technologies_Property for Sale

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Universal Lighting Technologies 2_Property for Sale

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer qualified investors the opportunity to acquire the fee simple interest in the Universal Lighting Technologies, Inc. Sale Leaseback (“the Property”), a side-load industrial building totaling 128,860 square feet located southeast of Huntsville, Alabama proximate to Huntsville International Airport, Redstone Arsenal, and Cummings Research Park. The building features 44,050 square feet of office space, 15,550 square feet of which is located on the second floor, and 5.6 Acres of excess frontage land on Wall Triana Highway.


The Property will be fully leased for a term of ten (10.0) years to Universal Lighting Technologies, Inc. (“ULT”) an industry leader in lighting appliances and electrical manufacturing solutions. With over 125 years of experience, ULT is one of the most highly esteemed LED lighting companies in North America. Based out of Nashville, Tennessee, the Property represents ULT’s continued expansion efforts and serves as a direct support hub proximate to it’s corporate headquarters. Currently occupied by ULT and Northrop Grumman, the offering will be solely leased to Universal Lighting Technologies, Inc., removing any short term risk associated with Northrop Grumman’s lease expiration for the investor.


Gary Allen Garstecki

AL License 000086902-0

Attributes

Building area Net
11,971 m²
Occupancy
100.00%
Year built
1989
Call for Offers
23/03/2023

Investment Highlights

·    Consistent Growth & Demand Drivers

·    Aerospace & Defense Hub of Huntsville, Alabama

·    Passive Investment With Long-Term Net Lease

·    Exceptional Southeast Location

·    Low Cost Of Living And Strong Demographics

·    Below-Market Lot Coverage With Expansion Potential

Universal Lighting Technologies 4_Property for Sale
Universal Lighting Technologies 4_Property for Sale

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Last updated
9 Mar 2023