KRAFT FOODS DISTRIBUTION FACILITY IN IOWA SELLS FOR $10.1M

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MASON CITY, IOWA — Lee & Associates has arranged the $10.1 million sale of a Kraft Foods Jell-O distribution facility in Mason City, a city in northern Iowa. Ryan Barr and Ryan Bennett of Lee & Associates represented both the seller, Mason City DST, and the buyer, Store Capital Acquisitions LLC, in the transaction. The property is situated adjacent to the Kraft Foods manufacturing plant, which produces the nation’s entire supply of refrigerated ready-to-eat Jell-O and Jell-O pudding snacks. The 112,066-square-foot, temperature-controlled property is a mission-critical facility for the food brand, which currently has five years remaining on its double-net lease.

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