Saint Joseph Industrial for Sale - St Joseph
*Price Listed is proportion of portfolio price, not individual price.
Jonna Group of Colliers International is pleased to
present the opportunity to acquire a portfolio of two
Industrial Properties leased to Filtration Group, LLC.
Filtration Group guarantees both leases and carries
a “B” rating from Standard & Poor’s. Filtration Group
has more than 7,200 employees across 28 countries,
with an annual revenue of over $1.5 Billion. Filtration
Group is a leading manufacturer of filtration
products, science tools, fiber and foam material
development, and industrial technologies, including
hydraulic filters.
The two properties comprise a total of nearly
130,000 square feet on over 12 acres. Filtration
Group leases and occupies the full 49,614 SF at
the York, SC location. BMS Logistics, Inc. operates
under a sublase at the St. Joseph, MO location. BMS
Logistics, Inc. has operated at this location since July
of 2016 and their sublease extends into 2024.
This offering provides potential buyers with
attractive returns and rent increases to hedge
against inflation. In addition, there are 6+ years
of term remaining and guaranteed by a strong,
essential, credit-rated tenant, ensuring reliable
returns. The portfolio is also located in exceptional
industrial markets outside of the Charlotte and
Kansas City MSA’s, strengthening lease renewal
potential or retenanting potential.
