Wi2Wi Industrial Facility

Investment Overview

Our ISO 14644-1 & 2, Class 7 (FED-STD-209E), Class 10,000 clean room is located in the middle of our two manufacturing floors. This clean room is vital for the manufacturing of crystal frequency tolerances that produce highly stable devices. And although not a hard requirement for the manufacturing of frequency devices, our clean room ensures the highest level of quality for other commercial procedures such as base plating, plasma cleaning, vacuum sealing, etc. The equipment in our clean room includes loading and cement stations (manual and automated), Saunders 5600 base platters with plasma cleaning, Crest ultrasonic wash tanks, Saunders 5250 final platters, Samco ozone strip systems, cold weld pre-seal tube ovens, cold weld vacuum sealers, ESP resistance welders and more. As our customers can see, no expense has been spared to make this clean room one of the industry's best for processing crystals. The crystal tech room at Wi2Wi has some of the most modern process equipment available, including four-way polishing, Future Fab 2-Station Pre-Wash, Crest 6-Station Automated Wash and SemiTool Spin Dryer systems that are all in compliance ISO and Government standards. With Crystal Filters being a large part of Wi2Wi's overall business, the second manufacturing floor area has dedicated assembly lines and in-depth test systems in place to accommodate not only small, moderate and high volumes of standard types, but also complex multi-pole filters, which are sold to the top names in the NAV/COM, radio and communication industries world-wide.

Investment Highlights

• Long-Term Tenant Commitment: Tenant has occupied the property since 2005 and signed a 12-year lease extension in 2024
• Absolute Net Lease Structure: Rare absolute net lease with zero landlord responsibilities
• Attractive Rental Increases: Annual rent escalations during the primary lease term and option periods
• Specialized Facility: 39,972 SF building on 2.25 acres, consisting of 18,380 SF of office space and 21,592 SF of industrial space
• High-Finish Manufacturing Space: Property includes clean rooms and lab space that are critical to the tenant’s specialized manufacturing operations
• Global Tenant: Wi2Wi is a global manufacturer and provider of wireless connectivity solutions, timing devices, frequency control devices, and microwave filters
• Strong Local Demographics: Average household income exceeds $150,000 within 1 mile, with more than 91,000 residents within 5 miles
• Excellent Retail Amenities Nearby: Nearby national tenants include Costco, Ruth’s Chris, Starbucks, HomeGoods, Marshalls, Michaels, Cooper’s Hawk, IHOP, Taco Bell, Culver’s, and others