Florida Hard Money Deal - Active

680

4 deals

No

Jacksonville

Florida

$20,500,000

$1,013

Borrower intends to secure 100% of the financing for the acquisition of the Amazon Distribution Warehouse in Florida. Amazon.com Services Inc signed a new 10 Year Lease with Two Percent Annual Increases in Rent. We will have the opportunity to own an asset leased to one of the world’s most valuable companies with a market cap exceeding 1.5 Trillion Dollars. The Property has exposure to more than 31,000 Vehicles per day. The Distribution Center has excellent ingress and egress and will contain Amazon’s proprietary warehouse storage, sorting, and shipping equipment. Amazon invested over $17 million dollars retrofitting the property to its company’s standards.
The Amazon Last Mile Distribution Center represents a rare Single Tenant Last Mile Distribution Center in an Infill Location.

Investment Highlights
▬ Amazon is one of the Largest Companies in the World with a +/- $1.5 Trillion Dollar Market Cap
▬ Very Rare Single Tenant Net Leased Amazon Last Mile Distribution Center, Amazon Invested over $17 Million in Retrofitting the Building
▬ New 10 Year Lease with Annual Increases in Rent
▬ Fee Simple Lease Allowing for Depreciation
▬ Large 107,000 Square Foot Building Situated on 11.36 Acres of Land
▬ Infill Blanding Boulevard Location with exposure to more than 31,000 Vehicles Per Day
▬ Florida is a No Income Tax State

Value-add potential
▬ Opportunities for operational efficiencies on the expense side with a current NOI of $856,000
▬ It presents the rare opportunity to own an asset leased to one of the world’s most valuable companies with a significantly below current replacement costs, offering new 10 Year Lease with Annual Increases in Rent

Borrower has been investing in commercial real estate since 1994.