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Investor Buys Montgomery Hyundai Plant, Adding 240K-SF

PRP Real Assets acquired the newly-built Hyundai-Mobis Class-A, Flagship Redistribution Center in Montgomery, AL for $66.5 million. The property is leased to Hyundai for 14 years and guaranteed by Hyu

NNN Triple Net Staff1 min read

PRP Real Assets acquired the newly-built Hyundai-Mobis Class-A, Flagship Redistribution Center in Montgomery, AL for $66.5 million. The property is leased to Hyundai for 14 years and guaranteed by Hyundai-Mobis. PRP Real Assets has also agreed to provide an additional $30 million in funding to expand the facility’s footprint by over 240,000 square feet. Serving...

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