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32315187
32315186

2415 GRIFFIN RD, LEESBURG, FL 34748-3201

ND
NC 335639, NC C39599
NorthMarq
AG
CA 01883944
Northmarq
Listed by NorthMarq, Northmarq
$7,500,000
32 days on market
Updated 27 days ago

QXO & Powers Steel

Details
APN 211924000100000102
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 69,256
Units 2
Cap Rate 7.54%
NOI $566,018
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $108
Year Built 1970
Stories 1
Acreage 6.370
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No

QXO (NNN) & Powers Steel (Business + RE) | Leesburg, FL | Orlando MSA

Marketing description

Dear Investor,

Thank you for your interest in this investment opportunity.  On behalf of our Client, Team Goli and Northmarq we excitedly present for sale 2415 Griffin Road in Leesburg, FL. Contained in this offering memorandum you will find both combined and bifurcated offering information for this two-pronged business and real estate investment.

Overall, 2415 Griffin Rd is home to both Powers Steel, Inc and QXO. Across the 69,000+ SF on 6.3 industrial acres, the landlord and partial owner/user Powers Steel, Inc. occupies just over 21,000 SF under roof and utilizes approximately 25% of the laydown yard while leasing the remaining 48,000+ SF and 75% of the laydown yard to QXO.

This investment offering includes the Powers Steel, Inc. business, the QXO triple net lease, and the entire real estate property, all offered for sale together as one package. Together, both entities deliver over $560,000 in net operating income annually and offer investors the opportunity to own and operate a mature and market-leading business inclusive of net-leased and cash-flowing real estate, guaranteed by the largest publicly-traded building material supplier in North America.

Investment highlights

QXO Investment Highlights:

  • Strong Site Commitment
  • Strategic Location
  • Strong Corporate Guarantee
  • QXO Acquires BCEN in 2025
  • Continued Major Acquisitions
  • Potential Future Lease Expansion

Powers Steel Historical Summary:

  • Consistent Revenue and Gross Profit Growth
  • Margin Expansion and Operational Efficiency
  • Sustainable Operating Income Growth
  • Strong Net Income and Balanced Cost Structure

Powers Steel Forecasted Financial Summary:

  • Transition to Predictable, Scalable Revenue Growth
  • Expanding Margins Through Operating Leverage and Cost Discipline
  • Strengthening Earnings Quality and Cash Flow Generation
  • Balance Sheet Expansion and Capital Structure De-Risking

Listing Contacts

ND
NC 335639, NC C39599
NorthMarq
AG
CA 01883944
Northmarq
Listed by NorthMarq, Northmarq

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$566,018.00
$47,168.17/mo

Valuation Metrics

0
DSCR
7.55%
Cap Rate
7.55%
ROI

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Additional Information

Name
Jason Long
License
FL Lic. BK3302956
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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