STAG Capital buys on Florida coast

Industrial site comes with long-term tenant

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STAG Capital Partners recently purchased a 142,857-square-foot manufacturing facility in Daytona Beach, Fla., as part of a 10-year sale-leaseback transaction with Crane Cams Inc., a subsidiary of Mikronite Technologies. The value of the transaction was not disclosed. The building sits on 9.97 acres of land at 530 Fentress Blvd., and was 100 percent leased by Crane Cams, a manufacturer of camshafts and valve train components. STAG Capital Partners actively acquires warehouse, flex, manufacturing and office buildings nationwide. ...