Amcor Industrial Facility_Property for Sale

8865 Smiths Mill Rd, New Albany, OH, 43054-6649, US

Amcor Industrial Facility

Asset description

Jones Lang LaSalle America, Inc. (“JLL”) is pleased to offer the opportunity to acquire the Amcor Distribution & Manufacturing Facility, a Class A, 201,810 SF industrial facility located in New Albany, OH. The Property is 100% absolute NNN-leased with a corporate guaranty by Amcor, plc. (NYSE: AMCR; S&P: BBB) – a global leader with 160 years of success in developing and producing packaging for food, beverage, home- and personal-care, pharmaceutical, medical, and more.

The Property is strategically positioned within New Albany’s premier manufacturing and innovation cluster. This area is among the fastest growing economic nodes in the country, highlighted by substantial recent investments from industry giants including Intel, Amazon (AWS), Google, Meta/Facebook, Amgen, and Pharmavite. Moreover, the area serves as a vital component of New Albany’s “Personal Care & Beauty Campus,” a pioneering, vertically integrated business park that is the first of its kind in the country.

The Property presents investors with an exceptional opportunity to acquire a well-located facility that is set to benefit from the area’s dynamic growth and robust economic landscape.

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Attributes

Occupancy

100%

Lease type

Absolute Triple Net

Remaining lease term

8.5 years

Tenant credit rating

BBB

Building class

Building area net

201,810 sf

Land area net

10.57 acres

Media

Investment highlights

Exceptional tenancy in Amcor (S&P: BBB | $13.6B in revenue), one of the world's largest producers of plastics, aluminum, and fiber-based flexible packaging.
8.5-year absolute NNN lease with annual rent increases and zero landlord expense responsibilities.
In-place rent is below market, affording investors an attractive basis.
State-of-the-art, mission-critical facility for highly technical manufacturing of plastic bottles, jars, and closures.
Purpose-built in 2012 and expanded in 2018 to consolidate Amcor's local operations into one cohesive location.
Strategically located next to Amcor's largest customers/vendors within the Personal Care & Beauty Campus.
Near massive economic drivers such as Intel's $28B chip fabrication campus and Amazon, Google, and Meta's data centers campuses.