SANDUSKY, OH – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of a 1.32 million-square foot industrial facility leased to Kyklos Bearning International Inc., (bottom left photo) in Sandusky. The sales price is $25.5 million. Glen Kunofsky, (top right photo) a senior vice president investments in the Manhattan office of Marcus & Millichap, represented the seller. Michael Glass, regional manager of the firm’s Cleveland office, assisted Kunofsky in the transaction.
“The new owner has acqu
ired a high-yielding, quality net-leased asset,” says Kunofsky. “This sale proves that it is possible to execute large sale-leaseback transactions in today’s challenging market,” says Kunofsky. Located at 2509 Hayes Ave., the industrial manufacturing facility has seven loading bays, 997,910 square feet of manufacturing space and 324,037 square feet of office space situated on a 128.5-acre lot.
Press Contact: Stacey Corso, Communications Department, (925) 953-1716
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