ABB Sale-Leaseback Portfolio_Property for Sale

Various locations

ABB Sale-Leaseback Portfolio

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.

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Attributes

Building area Net

136,094 sf

NOI

$760,000

ABB Sale-Leaseback Portfolio (3 Properties)

Media

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