Skip to main content

Warehouse

Arista Aviation- Leasehold Interest

690 Aviation Blvd, Enterprise, AL 36330

Listing Price: $9,400,000

Cap Rate
6.77%
Gross SF
69,964
Price/Gross SF
$134.35
Lot Size
8.76 acres
Year Built
2014
Rentable SF
69,964

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Leasehold Interest of Arista Aviation Headquarters (“The Property”) located at 690 Aviation Boulevard, Enterprise, Alabama. The Property, a 69,964-square-foot maintenance, repair, and overhaul (“MRO”) is operating on an Absolute Triple-Net lease while being a leading FAA certified provider of maintenance, repair and overhaul services for rotary wing platforms including Bell small and medium hull helicopter(s) as well as Sikorsky platforms. The Property is the Company’s headquarters and currently the sole MRO facility, strategically located in Enterprise, Alabama with proximity to Fort Rucker, Shell & Hanchey Army Heliports, National Guard Armory, Navy Recruiting, Cairns AAF, and the US Department of the Army. This facility has been well invested, maintained and has comprehensive equipment capabilities. The improvements are approximately 69,964 square feet, sitting on 8.76 acres and contain approximately 21 percent office space, 18 percent warehouse space, seven percent of paint building area, and 54 percent of climate manufacturing area. The manufacturing area has a clear height that ranges from 30 feet to 36 feet. Arista Aviation has recently executed a brand new 15-year lease with multiple 10-year options to extend. Arista is operating on an absolute-net lease structure containing zero landlord responsibilities. Located on the Enterprise Municipal Airport, current ownership has entered into a 40-year ground lease with the city of Enterprise with multiple 15-year options to extend. The purchase of this offering presents and investor with an opportunity to acquire the Leasehold Interest of a state-of-the-art and build-to-suit National Headquarters facility with zero landlord responsibilities. At the current list price of $9,400,000 the investment generates an in-place net operating income of $636,480 which equates to a 6.77 percent capitalization rate.

Investment Highlights

  • Leasehold Interest Offering | Single-Tenant National Headquarters Facility
  • Passive Investment | Absolute Net Lease | Zero Landlord Responsibilities
  • 15-Year Lease Term With Multiple 10-Year Options To Extend
  • 40-Year Ground Lease Executed With The City Of Enterprise
  • Full Corporate Guarantee From Tenant
  • Strategic Location | Municipal Airport | Near Multiple Military Bases and Strong Labor Force

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Warehouse

Arista Aviation- Leasehold Interest

Listing Price: $9,400,000

Cap Rate
6.77%
Gross SF
69,964
Price/Gross SF
$134.35
Lot Size
8.76 acres
Year Built
2014
Rentable SF
69,964

Investment Highlights

  • Leasehold Interest Offering | Single-Tenant National Headquarters Facility
  • Passive Investment | Absolute Net Lease | Zero Landlord Responsibilities
  • 15-Year Lease Term With Multiple 10-Year Options To Extend
  • 40-Year Ground Lease Executed With The City Of Enterprise
  • Full Corporate Guarantee From Tenant
  • Strategic Location | Municipal Airport | Near Multiple Military Bases and Strong Labor Force

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Leasehold Interest of Arista Aviation Headquarters (“The Property”) located at 690 Aviation Boulevard, Enterprise, Alabama. The Property, a 69,964-square-foot maintenance, repair, and overhaul (“MRO”) is operating on an Absolute Triple-Net lease while being a leading FAA certified provider of maintenance, repair and overhaul services for rotary wing platforms including Bell small and medium hull helicopter(s) as well as Sikorsky platforms. The Property is the Company’s headquarters and currently the sole MRO facility, strategically located in Enterprise, Alabama with proximity to Fort Rucker, Shell & Hanchey Army Heliports, National Guard Armory, Navy Recruiting, Cairns AAF, and the US Department of the Army. This facility has been well invested, maintained and has comprehensive equipment capabilities. The improvements are approximately 69,964 square feet, sitting on 8.76 acres and contain approximately 21 percent office space, 18 percent warehouse space, seven percent of paint building area, and 54 percent of climate manufacturing area. The manufacturing area has a clear height that ranges from 30 feet to 36 feet. Arista Aviation has recently executed a brand new 15-year lease with multiple 10-year options to extend. Arista is operating on an absolute-net lease structure containing zero landlord responsibilities. Located on the Enterprise Municipal Airport, current ownership has entered into a 40-year ground lease with the city of Enterprise with multiple 15-year options to extend. The purchase of this offering presents and investor with an opportunity to acquire the Leasehold Interest of a state-of-the-art and build-to-suit National Headquarters facility with zero landlord responsibilities. At the current list price of $9,400,000 the investment generates an in-place net operating income of $636,480 which equates to a 6.77 percent capitalization rate.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

MM Texture Background
MM Textured Background Lower