Strategically located within hours of several major OEMs and over 400 automotive focused companies, the portfolio enjoys unmatched regional connectivity via five major interstates and can access nearly 60% of the US population in a single day’s drive. The portfolio employs roughly 255 of the combined business’ 1,700+ workers and is ideally situated within 4 hours of Stanadyne’s manufacturing plant in Jacksonville, NC.
Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for the PurePower Mission-Critical NNN Portfolio – a two (2) building, 238,924 square foot portfolio comprised of PurePower Technologies’ global headquarters and mission-critical manufacturing facilities. The portfolio, which encompasses all of the company’s operational and manufacturing locations, is 100% leased to Pure Power Technologies, Inc. (“PPT”), a wholly-owned subsidiary of Stanadyne, LLC, for 16+ years on an Absolute Net basis with 2.15% annual rent escalations. PPT has occupied both facilities for the past 20 years and has demonstrated its long-term commitment to the buildings through heavy investment of its own capital into the real estate as well as fixtures and equipment, making the assets absolutely irreplaceable and an integral part of the company’s future growth.