A 63,000 SF Industrial Building
Purchase date: May 2021
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3920 Park Avenue is a 63,000 square foot industrial building, well located near the Edison Industrial Park. The building is located on 5 acres of land and 100% leased to EOS Energy Enterprises, a publicly-traded storage energy manufacturing company with a $1.2 billion market cap trading on the NASDAQ. EOSE invested $4 million in the building when they entered in 2017 on a 10- year lease with two additional 5-year extension options. The investment presents an opportunity to purchase a cash flowing desirable industrial asset occupied by a publicly traded tenant.