Investment - Crowley Maritime Corp / Linx, LTD

2113 30th St W Jacksonville, FL 32209

  • 122,432 Square Feet
  • Industrial
  • For Sale

Summary Description

Investment deal in a building that is 100% leased to 2 corporate credit tenants. Tenant 1 is Crowley Maritime who have a new five (5) year lease with two 3 year extension options. They are a $2+ billion in annual revenues and 5,300 employees worldwide. Tenant 2 is Linx, LTD who have been a tenant at 30th St for 12 years. They have expressed a desire to execute a 3 year lease extension.

Property Status: Existing

Price: $5,400,000.00

Lot Size: 261795.6 Square Feet

Building Size: 122432 Square Feet

Area Available: 122,432 Square Feet

Features:

  • Asking Price: $5,400,000 / CAP Rate: 7.25%
  • NOI: $389,515
  • 82% leased to Crowley Maritime Corp; 18% to Linx, LTD
  • New five (5) year lease with Crowley (9/1/2017- 11/30/2022)
  • Rentable SF: 122,432± SF
  • Lease Type: NNN (landlord responsible for roof and exterior walls)
  • Rent Increases: 3% annual base rent increases
  • Guarantee: Corporate Lease guarantees
Related Documents:

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