Warehouse
Acme Refrigeration (Watsco) Portfolio - 17 Properties in LA & MS
11844 S Choctaw Dr, Baton Rouge, LA 70815
Listing Price: $13,553,851
Investment Overview
--High Credit Tenant--
-Corporate Backing: Guaranteed by Watsco, a High-Credit Tenant with $7 Billion in Annual Revenue
-Market Dominance: The Largest HVAC/R Distributor in the Americas, Solidifying its Industry Leadership
-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
- Publicly Traded Stability: Listed on the NYSE (WSO) with a Market Capitalization of $23+ Billion
Exclusively Listed By
Broker of Record
-
Steve Greer
First Vice President Investments
Financing By
Warehouse
Acme Refrigeration (Watsco) Portfolio - 17 Properties in LA & MS
Listing Price: $13,553,851
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
- Publicly Traded Stability: Listed on the NYSE (WSO) with a Market Capitalization of $23+ Billion
Investment Overview
--High Credit Tenant-- -Corporate Backing: Guaranteed by Watsco, a High-Credit Tenant with $7 Billion in Annual Revenue -Market Dominance: The Largest HVAC/R Distributor in the Americas, Solidifying its Industry Leadership -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
Exclusively Listed By
Broker of Record
-
Steve Greer
First Vice President Investments
Financing By

