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DSI - Ocala FL 3040 NW Gainesville Rd 20,000 SF Industrial Building Ocala, FL 34475 $8,419,861 CAD ($420.99 CAD/SF) 6.15% Cap Rate
Investment Highlights
- Franklin Electric Co., Inc. (NASDAQ: FELE) guarantees the lease. Franklin Electric has a market capitalization exceeding $4.66 billion.
- The tenant, Drillers Services, LLC (DSI), is part of Headwater Companies, LLC, a wholly owned subsidiary of Franklin Electric.
- DSI currently operates in 3 leased locations in Ocala.
- Annual base rent will increase by the greater of 3% or CPI-U, offering absolute inflation protection.
- DSI was founded as Drillers Services, LLC in 1954. DSI is a wholesaler to the water industry, including water well, wastewater, and environmental.
- The subject property effectively quadruples the tenant's laydown yard and consolidates operations into 1 modern, highly functional warehouse building.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale this 20,000 SF, 5.5-Acre Industrial Outdoor Storage (IOS) facility, Triple Net (NNN) Net Leased to DSI, a leading wholesaler serving the water systems and groundwater industry. The facility is a mission-critical build-to-suit project that will allow DSI to consolidate 3 Ocala facilities into a single location. Originally founded in 1954, DSI has been operating in Ocala for over 25 years. DSI operates more than 20 branches across 8 Southeastern states and is part of Headwater Companies, a wholly owned subsidiary of Franklin Electric Co., Inc. (NASDAQ: FELE). The lease is guaranteed by Franklin Electric and includes annual increases at the greater than 3% or CPI, making this a very secure, long-term, inflation-protected investment.
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
| Price | $8,419,861 CAD | Lot Size | 5.50 AC |
| Price Per SF | $420.99 CAD | Rentable Building Area | 20,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.15% | Year Built | 2026 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | C1 - General Commercial | ||
| Price | $8,419,861 CAD |
| Price Per SF | $420.99 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 5.50 AC |
| Rentable Building Area | 20,000 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
| Zoning | C1 - General Commercial |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- DSL
- Utilities
- 20,000 SF
- $25.47 CAD
- Triple Net
- Sep 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| DSL | Utilities | 20,000 SF | $25.47 CAD | Triple Net | Sep 2036 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
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DSI - Ocala FL | 3040 NW Gainesville Rd
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