Skip to main content

Single-Tenant Industrial

Acme Refrigeration (Watsco) Portfolio - 17 Properties in LA & MS

160 Industrial Dr, Jackson, MS 39209

Listing Price: $13,553,851

Cap Rate
7.07%
Gross SF
285,167
Price/Gross SF
$47.53
Lot Size
22.19 acres
Year Built
1987
Rentable SF
285,167

Investment Overview

--High Credit Tenant--

-Market Dominance: The Largest HVAC/R Distributor in the Americas, Solidifying its Industry Leadership
Publicly Traded Stability: Listed on the NYSE (WSO) with a Market Capitalization of $23+ Billion

-Economic Resilience: Watsco’s Diversified and Recession-Resilient Business Model Positions it for Sustained Performance in all Market Conditions


--Strong Real Estate Fundamentals--

-Established Market Presence: Each Location is Deeply Integrated into its Respective Market, Ensuring Strong Tenant Operations, Even in Rural Areas, Contributing to the Attractive Cap Rate

-Proactive Management: The Current Landlord has Maintained and Improved These Properties Meticulously, Including Expansions and Upgrades to Enhance Value and Operational Longevity

-Favorable Cost Basis: Current Rents are Significantly Below Market Levels—Often Half or Less of Market, Offering Substantial Upside Potential Through Rental Adjustments

-Tenant Commitment: The Tenant’s Operations are Deeply Rooted in These Communities, with Locations Ideally Suited to Their Business, Minimizing the Likelihood of Relocation

-Value-Add Potential: Strategy Includes Raising rents to Market Levels and Securing New Leases with Market-Rate Renewal Options, Driving Long-Term Income Growth and Portfolio Value

Investment Highlights

  • 17-Property Portfolio Anchored by Watsco (NYSE: WSO) – A Leading Publicly Traded Tenant with Over $7 Billion in Annual Revenue and Over 600 Locations
  • Compelling 7% Cap Rate on Current Income | Current Rents are 50% Below Market, Offering Exceptional Upside Potential and a 14.81% Pro Forma Cap Rate
  • Corporate Backing: Guaranteed by Watsco, a High-Credit Tenant with $7 Billion in Annual Revenue

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Single-Tenant Industrial

Acme Refrigeration (Watsco) Portfolio - 17 Properties in LA & MS

Listing Price: $13,553,851

Cap Rate
7.07%
Gross SF
285,167
Price/Gross SF
$47.53
Lot Size
22.19 acres
Year Built
1987
Rentable SF
285,167

Investment Highlights

  • 17-Property Portfolio Anchored by Watsco (NYSE: WSO) – A Leading Publicly Traded Tenant with Over $7 Billion in Annual Revenue and Over 600 Locations
  • Compelling 7% Cap Rate on Current Income | Current Rents are 50% Below Market, Offering Exceptional Upside Potential and a 14.81% Pro Forma Cap Rate
  • Corporate Backing: Guaranteed by Watsco, a High-Credit Tenant with $7 Billion in Annual Revenue

Investment Overview

--High Credit Tenant-- -Market Dominance: The Largest HVAC/R Distributor in the Americas, Solidifying its Industry Leadership Publicly Traded Stability: Listed on the NYSE (WSO) with a Market Capitalization of $23+ Billion -Economic Resilience: Watsco’s Diversified and Recession-Resilient Business Model Positions it for Sustained Performance in all Market Conditions --Strong Real Estate Fundamentals-- -Established Market Presence: Each Location is Deeply Integrated into its Respective Market, Ensuring Strong Tenant Operations, Even in Rural Areas, Contributing to the Attractive Cap Rate -Proactive Management: The Current Landlord has Maintained and Improved These Properties Meticulously, Including Expansions and Upgrades to Enhance Value and Operational Longevity -Favorable Cost Basis: Current Rents are Significantly Below Market Levels—Often Half or Less of Market, Offering Substantial Upside Potential Through Rental Adjustments -Tenant Commitment: The Tenant’s Operations are Deeply Rooted in These Communities, with Locations Ideally Suited to Their Business, Minimizing the Likelihood of Relocation -Value-Add Potential: Strategy Includes Raising rents to Market Levels and Securing New Leases with Market-Rate Renewal Options, Driving Long-Term Income Growth and Portfolio Value

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

MM Texture Background
MM Textured Background Lower