Ocean Spray Headquarters (Zero Cash Flow) Lakeville-Middleborough, MA
Price: $62,386,175 Equity Requirement: $8,137,327
20-Year Absolute Net Lease with Renewal Options
High-Leverage Financing with Paydown/Readvance
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Ocean Spray is an investment-grade tenant with an S&P BBB/Stable rating, Net Sales of $1.71 Billion and Net Income of $334.3 Million. The company processes approximately two-thirds of the world’s cranberry supply.
The Lakeville-Middleborough property serves as the company’s world headquarters, and is designed to hold up to 500 employees. Employee-oriented amenities include a cafeteria, fitness center, and hiking trails.
Commitment to Location
Ocean Spray has been headquartered in the region since its founding in 1930, evidence of its commitment to the location. The Property is approximately 30 miles south of Boston and 25 miles east of Providence, RI.
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