June 28, 2022 – Kyle Danielson and Luke Thomson of Horvath & Tremblay have successfully completed the sale of Spiros Industries in West Bend, Wisconsin. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $4,666,000.
Spiros Industries is located at 7666 Highway WW in West Bend, Wisconsin. The Property consists of a 45,000 square foot building comprised of 40,932 square feet of industrial space and 4,068 square feet of office space on a 5.729-acre parcel of land. Spiros Industries has 14+ years remaining on their lease term with four (4), 5-year renewal options. The tenant’s rent includes 1.5% annual increases through the base term, with the rent in the first year of each option set to fair market rent and increasing annually by 1.5%. Spiros Industries is an experienced manufacturer of compression and extension springs, and has operated in West Bend for over 24 years. The Property is located 10 miles northwest of downtown West Bend. West Bend’s economy has been historically based in manufacturing and financial services, and the city serves as a local hub for a range of industrial production facilities. The area’s infrastructure offers ideal logistics for industrial and manufacturing operations, with access to interstate and other highways as well as freight and commercial airport accessibility.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.