Description

13320 NE Jarrett Street is a freestanding industrial building located within a professionally managed industrial/business park. The subject property has long-term tenancy with a lease expiration of June 30, 2032. The base rent escalates by 2% annually. There is one additional 5-year option to renew at a fair market rate. Rent escalations in the market are strong and rates for the current tenant are well under the market as a result.