Industrial i Ohio

STREAM closes sales and leaseback of industrial facility in Cleveland

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.