Toth Realty, a Florida-based investment group, has bought a 41,467-square-foot industrial property at 8931 E. K Ave. in Galesburg, Michigan, near Kalamazoo, for $5.15 million, or $124 per square foot. The property was fully leased by Canteen Vending North America on a 10-year, triple net lease term that commenced in June 2024 and had a 6.84% capitalization rate at the time of sale.
Canteen Vending logistics site in Michigan sells to investment group
Florida-based company buys fully leased Galesburg property
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IN THIS ARTICLE
- Properties
- Contacts
- Spencer Henderson
Managing Director, B + E
- Kristof Toth
Toth Realty, Inc.
- Derek Wissner
Commercial Real Estate Broker | Developer, Callander Commercial
- Camille Renshaw
Chief Executive Officer & Co-Founder, B + E