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Single-Tenant Industrial

EquipmentShare Jacksonville

9235 Busch Drive North, Jacksonville, FL 32218

Listing Price: $5,769,231

Cap Rate
6.50%
Gross SF
4,818
Price/Gross SF
$1,197.43
Lot Size
1.57 acres
Year Built
1997
Rentable SF
4,818

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to acquire a high performing industrial outdoor storage and equipment rental yard (the “Property” or “Asset”) located in Jacksonville, Florida that is leased to EquipmentShare (“Tenant”). EquipmentShare is a nationwide construction solutions provider dedicated to solving industry pain points through smart jobsite technology and equipment rental, retail, and service centers.

This Asset is located just six miles north of downtown Jacksonville and the Jacksonville Port Authority, via Hwy 17, this site benefits from its infill nature and ease of access to I-95. The area is known for being Jacksonville’s epicenter of port activity, Blount Island, and benefits from proximity to the metro’s core. The Jacksonville Port Authority (JAXPORT) is a global gateway, located at the crossroads of the nation’s rail and highway network, and Florida’s largest container port, as well as one of the nation’s largest vehicle-handling ports. Due to its premier location and logistical advantage of I-95, the immediate area, known as Imeson Park, has experienced over 4 million SF of distribution and warehouse space constructed in the past five years, with an additional 2.1 million SF currently under construction, and another 1.7 million SF of proposed development.

The Asset is subject to a long term lease with +/- 12.75 years remaining on an absolute triple net structure with 1.50% increases annually over the firm term, and two (2) 5-year extension options. This offering provides investors with the opportunity to receive long-term assured cash flow with a credit-worthy Tenant who is fastest-growing equipment rental company in the United States.

Investment Highlights

  • EquipmentShare is a proven operator with scale. Currently, the business operates 165 locations in the US, employs 4,100+ people and services thousands of annual customers.
  • Absolute NNN lease with zero landlord responsibilities making this an ideal investment for out-of-area investors.
  • Strong rent escalations throughout the leases term providing investors a hedge against inflation.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00, NE: 20170674

    Phoenix

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Single-Tenant Industrial

EquipmentShare Jacksonville

Listing Price: $5,769,231

Cap Rate
6.50%
Gross SF
4,818
Price/Gross SF
$1,197.43
Lot Size
1.57 acres
Year Built
1997
Rentable SF
4,818

Investment Highlights

  • EquipmentShare is a proven operator with scale. Currently, the business operates 165 locations in the US, employs 4,100+ people and services thousands of annual customers.
  • Absolute NNN lease with zero landlord responsibilities making this an ideal investment for out-of-area investors.
  • Strong rent escalations throughout the leases term providing investors a hedge against inflation.

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to acquire a high performing industrial outdoor storage and equipment rental yard (the “Property” or “Asset”) located in Jacksonville, Florida that is leased to EquipmentShare (“Tenant”). EquipmentShare is a nationwide construction solutions provider dedicated to solving industry pain points through smart jobsite technology and equipment rental, retail, and service centers. This Asset is located just six miles north of downtown Jacksonville and the Jacksonville Port Authority, via Hwy 17, this site benefits from its infill nature and ease of access to I-95. The area is known for being Jacksonville’s epicenter of port activity, Blount Island, and benefits from proximity to the metro’s core. The Jacksonville Port Authority (JAXPORT) is a global gateway, located at the crossroads of the nation’s rail and highway network, and Florida’s largest container port, as well as one of the nation’s largest vehicle-handling ports. Due to its premier location and logistical advantage of I-95, the immediate area, known as Imeson Park, has experienced over 4 million SF of distribution and warehouse space constructed in the past five years, with an additional 2.1 million SF currently under construction, and another 1.7 million SF of proposed development. The Asset is subject to a long term lease with +/- 12.75 years remaining on an absolute triple net structure with 1.50% increases annually over the firm term, and two (2) 5-year extension options. This offering provides investors with the opportunity to receive long-term assured cash flow with a credit-worthy Tenant who is fastest-growing equipment rental company in the United States.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00, NE: 20170674

    Phoenix

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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