Log In/Sign Up
Your email has been sent.
Cummins Inc. - Southeast Portfolio 3 Properties Offered at $7,688,969 CAD in Multiple Locations
Investment Highlights
- Excellent Credit Tenant
- Attractive Lease
- Well Located
- Strong Market
Executive Summary
Northmarq, on behalf of ownership, is pleased to present to qualified investors the opportunity to acquire a three (3) property industrial portfolio in the southeast United States (“The Portfolio”). The Portfolio is leased to Cummins, Inc. Cummins specializes in the design and manufacture of automotive engines and related equipment. Founded in 1919,
the company is a global leader with operations in more than 190 counties.
The Portfolio offers investors an attractive income stream supported by the tenant’s long-term occupancy at the sites. Each property is a freestanding location that is well situated in strong industrial markets. The Portfolio combines stable, in-place cash flow from the existing tenants as well as attractive value-add upside due to the respective market's attractiveness.
The Portfolio totals more than 44,000 square feet of rentable space on over 8.5 acres with over $292,000 of income and some remaining rent increases. The leases feature a weighted average lease term remaining of ± 45 months. This Portfolio offers a rare opportunity to acquire an attractive, stable industrial portfolio with a high-quality tenant in well-situated markets in a single transaction—making it well suited for private and institutional buyers alike.
the company is a global leader with operations in more than 190 counties.
The Portfolio offers investors an attractive income stream supported by the tenant’s long-term occupancy at the sites. Each property is a freestanding location that is well situated in strong industrial markets. The Portfolio combines stable, in-place cash flow from the existing tenants as well as attractive value-add upside due to the respective market's attractiveness.
The Portfolio totals more than 44,000 square feet of rentable space on over 8.5 acres with over $292,000 of income and some remaining rent increases. The leases feature a weighted average lease term remaining of ± 45 months. This Portfolio offers a rare opportunity to acquire an attractive, stable industrial portfolio with a high-quality tenant in well-situated markets in a single transaction—making it well suited for private and institutional buyers alike.
Property Facts
| Price | $7,688,969 CAD | Status | Active |
| Price / SF | $192.49 CAD / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 5.37% | Total Building Size | 39,944 SF |
| Sale Type | Investment NNN | Total Land Area | 8.55 AC |
| Price | $7,688,969 CAD |
| Price / SF | $192.49 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5.37% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 39,944 SF |
| Total Land Area | 8.55 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1915 W Oakridge Dr, Albany, GA 31707 | Industrial | 6,520 SF | 1986 | - |
| 1765 Construction Dr, Gainesville, GA 30507 | Retail | 13,543 SF | 2004 | - |
| 1509 E 26th St, Chattanooga, TN 37407 | Retail | 19,880 SF | 1980 | - |
1 1
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Cummins Inc. - Southeast Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.