For Sale
For Sale
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Year Built
2009
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Overview
Colliers International has been retained as the exclusive advisor for the sale of 3900 E White Avenue located in Clinton, Indiana, a three story 51,000 SF Headquarters building located in the heart of Clinton.
Built in 2009 specifically for White Construction, the state of the art LEED Certified Silver building serves as the worldwide Headquarters for White Construction, a wholly owned company of Infrastructure and Energy Alternatives, Inc. (Nasdaq: IEA). This Absolute Net leased asset provides investors the opportunity to acquire a top in market asset at below replacement costs with a long term institutional credit tenant. The absolute net structure of the lease creates a low maintenance investment opportunity while providing yield appreciation through the market rental rate bumps within the contracted lease.
High Quality LEED Silver certified facility built in 2009
White Construction is a fully owned subsidiary of Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA)
White Construction has a 65 year operating history in Clinton, IN
Long term Absolute Net Lease with 18 years remaining, corporate guaranteed by IEA, with no Landlord responsibilities
Contracted 1.5% annual rental rate increases provide investors unmatched yield appreciation throughout the term
Property Details
Single Tenant Net Leased Headquarters
Colliers International has been retained as the exclusive advisor for the sale of 3900 E White Avenue located in Clinton, Indiana, a three story 51,000 SF Headquarters building located in the heart of Clinton.
Built in 2009 specifically for White Construction, the state of the art LEED Certified Silver building serves as the worldwide Headquarters for White Construction, a wholly owned company of Infrastructure and Energy Alternatives, Inc. (Nasdaq: IEA). This Absolute Net leased asset provides investors the opportunity to acquire a top in market asset at below replacement costs with a long term institutional credit tenant. The absolute net structure of the lease creates a low maintenance investment opportunity while providing yield appreciation through the market rental rate bumps within the contracted lease.
High Quality LEED Silver certified facility built in 2009
White Construction is a fully owned subsidiary of Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA)
White Construction has a 65 year operating history in Clinton, IN
Long term Absolute Net Lease with 18 years remaining, corporate guaranteed by IEA, with no Landlord responsibilities
Contracted 1.5% annual rental rate increases provide investors unmatched yield appreciation throughout the term
- Property TypeOffice
- Submarket
- Year Built2009
- Sale Price$8,406,636
- Total Acres1.17
- Cap Rate8.0%
- Property ID2041703