Lee & Associates Negotiates $10.14 Million Sale of Kraft Foods Distribution Facility
MASON CITY, Iowa — Feb. 10, 2014 — Lee & Associates, the largest broker-owned commercial real estate firm in the country, has negotiated the $10,144,199 sale of a Kraft Foods Jell-O distribution facility in Mason City, Iowa.
Ryan Barr and Ryan Bennett of Lee & Associates–North San Diego County, in conjunction with Barr & Bennett Net Leased Investments, represented both the seller, Mason City DST, and the buyer, Store Capital Acquisitions, LLC, in the transaction.
Situated directly adjacent to the Kraft Foods manufacturing plant, which produces the nation’s entire supply of refrigerated ready-to-eat Jell-O and Jell-O pudding snacks, the 112,066-square-foot temperature-controlled property is a mission-critical facility for the food brand, which currently has five years remaining on the recently extended double net (NN) lease.
Barr & Bennett Net Leased Investments, of Lee & Associates-North San Diego County, specialize in the acquisition and disposition of single tenant net leased assets nationwide.
About Lee & Associates
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas and Wisconsin. With a roster of nearly 750 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.