Fort Worth-Texas based MAG Capital Partners, LLC, has sold a 129,812-square-foot, two-site industrial portfolio leased to Filtration Group. The properties are located in St. Joseph, Missouri, and York, South Carolina.
Filtration Group is an essential company involved in producing filtration systems across the globe including critical solutions and products in the fight against the coronavirus.
Judd Dunning, president of DWG Capital Group, represented MAG Capital Partners in the sale of 1309 S. 58th St. in St. Joseph, Missouri, and 600 Railroad Ave. in York, South Carolina, to a New York-based private investor.
The company operates under a long-term NNN lease at the two sites. 1309 S. 58th St. is an 80,171-square-foot industrial manufacturing property located within the greater Kansas City MSA where industrial vacancy currently hovers under 5 percent.
600 Railroad Avenue, York, is a 49,641-square-foot facility situated 27 miles southwest of Charlotte, North Carolina, where Amazon, Staples and UPS each have regional distribution centers.
Led by principals Dax T.S. Mitchell and Andrew Gi, MAG Capital Partners holds a portfolio of facilities across the United States occupied by contract manufacturers involved in a range of essential industries, including personal care products, food manufacturing, aerospace and technology.
Amar Goli, managing director of Sands Investment Group, represented the buyer.
