Subleasing is a unique type of real estate listing of refrigerated real estate. This type of transaction can present a number of challenges when compared to leasing other types of refrigeratedwarehouse building, whether it has cooler warehouse or freezer warehouse or refrigerated processing space.
Some of the leasing challenges are that the term that the master refrigerated tenant has remaining in their lease on the refrigerated building that that they are offering for sublease. This is a fixed number of years of which the potential sub refrigerated tenant has to accept. The landlord is not necessarily motivated to reduce the term the landlord has with the master tenant, leaving the subtenant with a lease termination date that usually doesn't coincide with their business plans. Another problem is that the master tenant is not inclined to spend any more money on the space because they are no longer have any use the refrigerated warehouse space. The landlord of the refrigerated building already has commitments for rent payments with the tenant and therefore is not motivated to provide inducements or any improvements to the subtenant to occupy the space, all this leaves subtenant to cover any improvements or modifications to the refrigerated building to suit their frozen or refrigerated food business. The last problem subleasing of refrigerated space is the landlord has to approve the refrigerated subtenant. With that approval process the landlord usually will not offer any lease options on the space is being subleased, then leaving the subtenant’s negotiating position marginal at best at the end of the sublease term.
St. Louis's first refrigerated warehouse space available for sublease in the last 25 years is located at 498 Bussen Underground Drive, St. Louis, Missouri 63129. The refrigeratedwarehouse facility located in St. Louis County has refrigerated warehouse space and refrigerated food processing space. The total facility is 46,600 ft.² and located only 1/2 mile from an interstate highway in St. Louis County, Missouri. The refrigerated processing space was USDA inspected and also can be expanded.
The St. Louis marketplace of refrigerated is very tight with few large refrigerated building available. This sublease opportunity will probably experience a brief period of time on the market. To learn more about space contact Jim Cronin at 314-994-0577 or e-mail of j.cronin@hawkds.com
To learn more about other refrigerated warehouse or food processing buildings available in St. Louis, Missouri and Kansas City, Missouri or throughout the Midwest go to www.HawkDS.com
Jim Cronin, Broker
Phil Pisciotta, Agent - Kansas City Operations
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