Texas industrial sells to East Coast buyer
Tenant retains 22-year lease agreement
By Inman News, Monday, February 23, 2004.Inman News®
Marcus & Millichap brokered the sale of a 310,519-square-foot single-tenant industrial facility in Temple, Texas.
The value of the transaction was $17.1 million.
Dallas-based Atlantic Financial Group sold the property to a New Jersey-based buyer.
The Performance Food Group Temperature Controlled building was constructed in 1999 on approximately 55 acres. Temperature Controlled is a subsidiary of Performance Food Group Co. and has guaranteed a 22-year absolute triple net lease.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
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