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HAJOCA (Gorman) - Kissimmee, FL 800 Armstrong Blvd 16,000 SF Industrial Building Kissimmee, FL 34741 $4,864,755 ($304.05/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease includes a corporate guarantee from the Hajoca Corporation, the parent company of Gorman.
- Lease offers limited landlord responsibilities and includes 3.25% annual increases as well as fair market rent clauses at the renewal options
- Being the only Hajoca branch in the Southern portion of the Orlando MSA, this branch has a large service radius and is a highly profitable branch
- This newly constructed warehouse is leased at a highly competitive $17.48 per SF — well below market averages
- Hajoca's footprint has doubled at this location to help meet current demand and support future sales growth out of this facility
- Facility is strategically positioned near the Kissimmee Gateway Airport and is easily accessible to both U.S. Route 192 and U.S. 17
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 16,000 SF Hajoca located in Kissimmee, FL (Orlando MSA). This facility was just expanded for the tenant to accommodate the high demand for their product in the market and support future sales growth. This is a rare opportunity to acquire a well-located industrial asset on a long-term lease with strong 3.25% annual increases backed by an industry leading tenant.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
PROPERTY FACTS
AMENITIES
- Fenced Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Hajoca
- Wholesaler
- 16,000 SF
- $17.48
- Triple Net
- Jun 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Hajoca | Wholesaler | 16,000 SF | $17.48 | Triple Net | Jun 2035 |
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PROPERTY TAXES
| Parcel Number | 20-25-29-1563-0001-0020 | Improvements Assessment | $171,100 |
| Land Assessment | $637,300 | Total Assessment | $808,400 |
PROPERTY TAXES
Parcel Number
20-25-29-1563-0001-0020
Land Assessment
$637,300
Improvements Assessment
$171,100
Total Assessment
$808,400
CONTACTS
-
Stratton Greig -
Thomas Miller -
Austin Marsh -
Andrew Ackerman -
Sands Investment Group Austin, LLC
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HAJOCA (Gorman) - Kissimmee, FL | 800 Armstrong Blvd
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