Material Sciences Corp. Processing Facility - Toledo MSA_Property for Sale

East Broadway Street 30610, Walbridge, OH, 43465, US

Material Sciences Corp. Processing Facility - Toledo MSA

Asset Description

Jones Lang LaSalle America, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire the MSC Walbridge Steel and Aluminum Processing Facility, a 335,484 SF industrial facility in Toledo MSA. The Property is 100% absolute NNN-leased by Material Sciences Corporation (“MSC”) – a leading designer of advanced materials and provider of specialty metals processing – through October 2034.

Serving as the Company’s largest steel processing facility, this mission-critical property was purpose-built for MSC in 1980. Strategically located at the I-75/90 interchange, the surrounding industrial market has attracted major corporate investment including Jeep, Stellantis, First Solar, GM, FedEx, Walgreens, Amazon, and UPS, among many others.

With over 10.3 years of lease term remaining and annual CPI-based rent escalators hedging against inflation, the offering allows investors to acquire a stabilized cash-flowing asset with 25% below market rent, strong in-place tenancy and priced at a substantial discount to replacement cost.

...

Attributes

Occupancy

100%

NOI

₫22,227,332,000

Remaining lease term

10.3 years

Land area gross

30 ha

Building area net

31,167 m²

Year built

1980

Media

Investment Highlights

Material Science Corporation (MSC) is a market leader in metal processing & finishing for the automotive, construction, and consumer products industries
Largest independently-owned electrogalvanizing company in North America
Purpose-built for MSC in 1980 (44+ years of occupancy) and serves as the Company's largest processing facility
10.3-year absolute NNN lease, zero landlord responsibilities, and CPI-based annual rent increases to hedge against inflation
25% below market rent supports a high likelihood of renewal and future mark to market opportunity
Massive tenant investment: MSC has invested more than $3.2 million into real estate improvements and FF&E at this Property since 2022.
Toledo is among the top automotive markets nationally and home to the world-famous Jeep Wrangler, the most productive transmission plant in the country
Strategically located at the I-75/90 interchange that has attracted major corporate investment
Below-market site coverage offering future expansion capabilities