ARCP Acquires Mrs. Baird’s Distribution Facility in Dallas for $6.2M
New York-based American Realty Capital Properties, Inc. (NASDAQ: ARCP) has closed on the acquisition of the fee-simple interest in a Mrs. Baird’s distribution facility in Dallas, TX.
The asset has 75,050 rentable square feet and sold at a purchase price of $6.2 million, exclusive of closing costs.
The Mrs. Baird’s distribution facility is 100% leased to and guaranteed by Bimbo Bakeries USA, Inc., a wholly owned subsidiary of Grupo Bimbo SAB de CV. The net lease has a 15-year term, with approximately 5 years remaining.