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OhioIndustrial

STREAM closes sales and leaseback of industrial facility in Cleveland

October 21, 2019
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STREAM Capital Partners, LLC has arranged the sale and leaseback of an industrial facility in Cleveland, Ohio.

The facility is occupied by Midwest Precision, a subsidiary of Tribus Aerospace, and is used for CNC machining of complex configurations for applications in the aerospace, military and defense and precision industrial markets. This is a mission-critical asset for the company and the business has invested significantly into the property.

The private buyer acquired the property and simultaneously entered into a long-term lease with the tenant. Chelsea Mandel and Phil DiGennaro of STREAM Capital Partners represented the seller on the transaction.

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