National DCP has completed a $25.5 million sale and leaseback of 150 Depot St. in Bellingham, a 252,600-square-foot warehouse and distribution center.

Bentall Kennedy LP advised the institutional investor, 150 Depot ILP LLC of San Francisco.

CBRE/NE’s Dave Pergola, Brian Doherty and Robert Gibson represented the seller, National DCP, and procured the buyer.

The property was originally developed for National DCP in 2005 and remains a significant distribution center, according to a statement. The company has committed to a long-term lease at the facility which contains dry storage as well as freezer/cooler space with 30-foot clear heights.

National DCP provides sourcing and distribution of supplies for Dunkin’ Donuts franchisees.

Dunkin’ Donuts Supplier Completes Sale-Leaseback Of Distribution Center

by Banker & Tradesman time to read: <1 min