📊 Yield & Return Metrics
Gross Annual Operating Revenue
$5,508,000 /yr
Total Annual Operating Expenses (OPEX)
$1,680,000 /yr
Net Operating Income (NOI)
$3,828,000 /yr
Going-In Cap Rate
9.94%
Net Revenue per Pallet Position
$440.64 /yr
Operating Expense Ratio (%)
30.50%
❄️ Cold Chain Moat: Cold storage assets trade at a 150–200 bps premium over dry warehouse industrial real estate due to high replacement CAPEX.