CPA:17-Global Pays $14 Million for First Solar’s 392,000-SF Facility in Suburban Toledo InSite Real Estate Sells Critical Facility in Perrysburg October 6, 2016 | By Neal Carr | CoStar CPA®:17-Global, a non-traded real estate investment trust and affiliate of New York City-based W.P. Carey (NYSE: WPC), struck a deal with Insite Real Estate to acquire …
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CPA:17-Global Pays $14 Million for First Solar’s 392,000-SF Facility in Suburban Toledo
InSite Real Estate Sells Critical Facility in Perrysburg
CPA®:17-Global, a non-traded real estate investment trust and affiliate of New York City-based W.P. Carey (NYSE:
WPC), struck a deal with Insite Real Estate to acquire a distribution and light manufacturing facility in the Toledo suburb of Perrysburg, OH for $14 million, or approximately $36 per square foot.
The 391,662-square-foot industrial complex is net-leased to First Solar (NYSE: FSLR), a global provider of comprehensive photovoltaic (PV) solar systems signed to a 10-year deal with fixed annual two percent escalations.