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B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of the National Packaging Services headquarters located in Green Bay, Wisconsin for $11,050,000.
This facility is mission critical to one of the leading towel and tissue manufacturers and distributors in Wisconsin, the #1 State for Paper Manufacturing in the US.
“The out-of-state buyer was able to find a great return on a stable investment with over seven years of term remaining in a great industrial submarket full of national tenants” said B+E brokers William Brooks and Tim Hain. “This sale demonstrates the red-hot demand for industrial assets that continues to drive record-setting pricing.”
B+E facilitated a highly competitive bid process, resulting in an exceptional cap rate that is well below market average for Green Bay. Industrial properties, particularly manufacturing and distribution assets, continue to be the preferred vehicle for investors across the US and abroad.
For more information or industrial investment ideas, contact William Brooks at wbrooks@tradenetlease.com, Tim Hain at thain@tradenetlease.com or go to www.tradenetlease.com.
