New York Investment Fund Acquires Lipari Foods Industrial Facility In Warren For Sale-Leaseback Transaction

The property asset involved in the transaction is an industrial facility located at 26661 Lipari Way, Warren, MI. This asset spans 277,425 square feet and is set on 11.66 acres. The seller of the property is Lipari Foods.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 26661 Lipari Way
• Market: Warren, MI
• Square Footage: 277,425
• Acres: 11.66
• Seller: Lipari Foods
• Brokers: Michael Carter & Frank Rogers - SRS Real Estate Partners

The transaction was a sale-leaseback, with the buyer being a private investment fund from New York. This buyer acquired the property with a 15-year corporate-guaranteed lease, emphasizing its importance as a critical low-management industrial asset. The facility includes 205,000 square feet of temperature-controlled warehouse space and 28,000 square feet of office space.