BSN Medical Distribution Facility_Property for Sale
BSN Medical Distribution Facility_Property for Sale
1011 Keisler Rd SE, Conover, NC, 28613-9342, US

BSN Medical Distribution Facility

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for BSN Medical Distribution Facility (“the Property”), a 149,987 square foot warehouse facility located in Conover, North Carolina. The Property is 100% leased to BSN Medical, Inc. ("BSN Medical") with 5.4 years of lease term remaining. BSN Medical, a wholly-owned subsidiary of Essity AB (S&P: BBB+), is a global leader in the development, manufacturing and marketing of wound care, vascular and orthopedic products operating under Essity's Health and Medical business unit.


The Property sits within the Catawba County submarket that is 99% occupied, putting continued pressure on rental rates and providing strong value creation via mark-to-market of in place rents that are currently 40% below market. Additionally, the Property benefits from it's proximity to I-40, providing national and regional connectivity to various cities including Asheville, Greensboro-Winston-Salem, Raleigh-Durham and Charlotte. Tenants of the corridor enjoy direct access to all major regional thoroughfares, including I-77, I-26 as well as I-85, the logistics super corridor of the Southeast. Overall, BSN Medical Distribution Facility provides investors the opportunity to acquire a 100% leased industrial asset with creditworthy tenancy at a below replacement cost basis, with future value creation potential.

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Attributes

Year built
2001
Year renovated
2009
Building area gross
13,934 m²
Occupancy
100%
WAULT
5.4 years
Lease type
Net lease (N/NN/NNN)

Media

Investment Highlights

  • CREDITWORTHY TENANCY PROVIDING STABLE, IN-PLACE CASH FLOW


  • ROBUST INDUSTRIAL FUNDAMENTALS


  • STRONG REGIONAL CONNECTIVITY


  • STRATEGIC LOCATION WITH EXPANSION UPSIDE IN OPPORTUNITY ZONE


  • BELOW REPLACEMENT COST ACQUISTION


BSN Medical Distribution Facility 4_Property for Sale
BSN Medical Distribution Facility 4_Property for Sale

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BSN Medical Distribution Facility (0 Properties)

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Last updated
25 Mar 2024