Listed by Marcus & Millichap - Orange County
$1,527,000
US LBM | Absolute NNN Lease
Details
APN 508-132-053
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 8,700
Cap Rate 5.50%
NOI $84,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 18
Lease Expiration 12/31/2033
Rent Bumps No
Lease Options Four, Five-Year @ Cumulative CPI with 15% Max
Price per SqFt $173
Year Built 1950
Acreage 1.750
Investment Type Net Lease
Lease Commencement 12/15/2015
Industrial | 5.50% CAP | 8,700 SqFt
Marketing description
Strong Real Estate Fundamentals
- Highly Desirable Site: The Property Boasts a Rare 1.26-Acre Lot of Useable Outdoor Storage Space, a Key Feature in Today's Market
- Prime Location: Located in Central Palm Springs with a High Barrier to Entry for New Development
- Investor-Friendly: This Absolute NNN Industrial Property Offers Zero Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market
- High Average Household Income: Average Household Income Within Three Miles Exceeds $108,000, Supporting Local Spending Capacity and Demand for Service-Oriented Commercial and Industrial Uses
Investment highlights
- US LBM: One of the Nation's Largest Building Materials Distributors
- In-Place Rent Sits More Than 50% Below Market
- Low Price Point: Offers Investors a Lower Total Capital Requirement for an Absolute NNN Industrial Asset
Strong Credit Tenant
- Market Leadership: US LBM Operates Over 460 Locations Across the U.S. with Over $8 Billion in Annual Revenue
- Well Capitalized: Tenant is Backed by Bain Capital and Platinum Equity
- E-Commerce & Recession-Resilient: US LBM Business Model Is Well-Suited to Thrive in Various Economic Conditions
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,000.00
$7,000.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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