With more than $5.6 billion worth of single-tenant transactions executed successfully, Thomas Company continues to deliver superior results for our clients with the sale of a freestanding industrial distribution center.
Situated on 31.4 acres of land in Post Falls, Idaho, this customized facility covers over 465,000 square feet and is fully leased by Orgill, Inc. The triple-net lease commenced in August of 2017 and the property was offered as a zero-cash-flow investment with fully amortizing debt in place.
This property is Orgill’s seventh full-service distribution center. Recent renovations added 25,000 square feet to the property and included the installment of material-handling, inventory tracking and storage systems.
Orgill, Inc. is the largest independently- owned hardlines distributor in the world, and one of the largest privately-held companies in the United States. The company was recently praised for bringing over 130 new jobs to Post Falls with this distribution center, and was recognized for its positive community impact at the Trade & Industry Development 12th Annual Corporate Investment and Community Impact (CiCi) Awards.
Thomas Company is proud to have led the negotiations and closing of this property.