Auria Fremont

400 South Stone Street, Fremont, OH, 43420, US

Asset description

Jones Lang LaSalle ("JLL"), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in Auria Fremont (the "Offering" or the "Property"), a 245,000 square foot manufacturing facility located in northwest Ohio (Toledo MSA). The Offering is 100% leased to Auria Solutions Ltd. (the "Tenant" or "Auria"), a leading global producer of automotive products including flooring, trunk trimming and liners, and paneling, amongst others. The primary focus of Auria Fremont is the production of automotive carpeting and seatbacks for some the largest names in the auto industry, including GM, Stellantis, and Ford, among others. Operating 24/7 on a three-shift schedule, the Property is currently home to over 250 employees servicing the heart of the U.S. automotive industry. Originally completed in 1966 with additions throughout the 80's and 90's, Auria Fremont is divided into three (3) sections that have been purpose built to meet tenant operations for +/- 40 years, along with on-site silos that allow the user to store raw materials delivered weekly via direct rail access on the east side of the property.

Auria remains very committed to the property having recently entered into a 15-year sale-leaseback that has 12.3 years of remaining term and FMV renewal options that could extend the lease out to 2057. With 3% contractual annual increases, investors have the opportunity to acquire a mission-critical facility with stable, long-term, growing cash flow. As manufacturing in the U.S. continues to realize significant growth through an increase in demand over 354% from 2018-2024 and on-shoring efforts pick up with the implementation of tarriffs, investors in Auria Fremont have the opportunity to enter an industrial sub-sector poised for growth at a basis well-below replacement cost in proximity to a deep blue-collar labor pool and other major Midwest manufacturing markets throughout Ohio, Indiana, and Michigan.

Local Market Expertise:

David Stecker

david.stecker@jll.com

216.937.1965

...