Portfolio

ABB Sale-Leaseback Portfolio

Charlotte,Evansville,IN,Tucson,AZ, NC,IN,AZ, US

Executive Summarydownload
ABB Sale-Leaseback Portfolio_Property for Sale

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ABB Sale-Leaseback Portfolio 2_Property for Sale

Portfolio description

On behalf of ABB, Inc., (“ABB”, the “Company” or “Tenant”) Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the U.S. Sale-Leaseback Portfolio (the “Portfolio” or “Properties”), consisting of three mission-critical industrial facilities strategically located in North Carolina, Indiana, and Arizona. The Properties house the electrification service business for ABB, Inc., part of a $13 billion business line for Swiss parent company, ABB, Ltd.

 

Upon closing, the Portfolio will be 100% absolute triple net leased to ABB, Inc. for an initial term of 10 years with 3.00% annual rental increases and multiple renewal options.

 

ABB, Inc. is the major operating subsidiary of ABB, Ltd. (NYSE: ABB, S&P: A- Credit Rating), a Switzerland based global technology company that specializes in four main business lines; electrification, robotics, automation and motion. 

Attributes

Building area Net
136,094 sf
ABB Sale-Leaseback Portfolio (3 Properties)
ABB Sale-Leaseback Portfolio (3 Properties)

Investment highlights

  • Long-term absolute NNN master lease structure with annual increases
  • ABB, Inc. is the major operating subsidiary of ABB, Ltd. (NYSE: ABB, S&P: A- Credit Rating), a Switzerland based global technology company that specializes in four main business lines; electrification, robotics, automation and motion. 
  • Mission-critical industrial assets that represent 100% of ABB's industrial service centers in the U.S.
  • Exceptional and diverse U.S. locations.
  • All service centers feature major equipment and facility upgrades, exemplifying strong tenant commitment to the Assets.

 

 

BROKERS OF RECORD

NC: Pete Pittroff - License#: NC-163984

IN: Stephen Schwegman - License#: IN-RB14042704

AZ: William Honsaker - License#: BR-516372000

ABB Sale-Leaseback Portfolio 4_Property for Sale

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Last updated
Nov 30, 2022