Industrial & Logistics

Volkswagen Parts Distribution Center

4150 Perimeter Industrial Pkwy W, Jacksonville, FL, 32219-3281, US

Volkswagen Parts Distribution Center_Property for Sale

Gallery

Volkswagen Parts Distribution Center 2_Property for Sale

Asset description

On behalf of Ownership, Jones Lang LaSalle, Inc. (“JLL”), a licensed real estate broker - has been retained to market for sale the Volkswagen Parts Distribution Center at 4150 Perimeter Industrial Pkwy W (the “Property”) in the booming Westside submarket of Jacksonville, FL. Constructed in 2008 as a build-to-suit for Volkswagen (“VW”), the Property is fully leased to Volkswagen Group of America, Inc., a wholly owned subsidiary of Volkswagen AG, one of the world’s leading automobile manufacturers which carries an investment grade credit rating (A3: Moody’s). 


The Property is located immediately adjacent to Jacksonville’s Beltway, I-295, and within minutes to I-10 and I-95. This strategic location provides convenient access to more than 70 million consumers and exceptional connectivity to the Jacksonville CSX Intermodal terminal and JaxPort, the second largest vehicle handling port in the US.


Attributes

Building area Net
260,000 sf
Occupancy
100.00%
Year built
2008

Investment highlights

  • Institutional quality, 260,000 SF rear-load distribution facility with below market lease to leading global auto manufacturer in the strongest submarket of a major FL metro
  • Fully leased with 5.51 years of term remaining to Volkswagen – one of the world’s leading automobile manufacturers
  • Strong commitment to Jacksonville as home base for the company’s Southeast US operations
  • Favorable NNN lease structure with limited landlord responsibilities
  • Strategic location and regional distribution capabilities provide access to over 70 million US consumers
Volkswagen Parts Distribution Center 4_Property for Sale

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Last updated
Mar 9, 2023