Wednesday, March 12, 2014

TMC Properties Completes Net-Leased Investment Purchase

Equus Capital Partners LTD sold the industrial building at 121 Green Tree Rd. in Phoenixville, PA to TMC Properties LLC for $7.4 million, or about $128 per square foot. 

The 57,600-square-foot warehouse was built in 2005 on 1.3 acres in the East Montgomery County Industrial submarket. It contains 24-foot ceiling height and 14 loading docks. At the time of sale, the asset was fully occupied by Cosentino North America and Remedi Seniorcare of Pennsylvania, both on long-term, triple-net leases.

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