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J Rayl Transport Secures Sale-Leaseback for Its Industrial Property

Marcus & Millichap Arranges Transaction in North Liberty, Indiana
Aerial showing the location of the  J Rayl Transport facility at 114 S Lafayette St. in North Liberty, Indiana. (CoStar)
Aerial showing the location of the J Rayl Transport facility at 114 S Lafayette St. in North Liberty, Indiana. (CoStar)
By Mike English
CoStar Research
April 25, 2023 | 9:04 P.M.

J. Rayl Transport, an asset-based logistics company that has been family-owned and operated for 35 years, agreed to sell and lease-back its 22,480-square-foot industrial property located in North Liberty, Indiana. The asset sold for $1.3 million and was acquired by Thompson Property Investments of Fargo, North Dakota.

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