Industrial & Logistics

Flowserve BTS - Grayson, KY

E Park DR Argillite, KY United States 41121
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Lease Type NN
Current / Passing Rent
Lease Expiration 2035-04-30
Remaining Term 14 years, 8 months
Tenant Flowserve US, Inc.
Building Area
Last Updated Date 31 Jul 2020

Property Description

  • JLL is pleased to offer for sale the fee simple interest in a new class A build to suit Flowserve industrial facility in Grayson, KY. The 25,000 SF industrial asset ("Property") will be 100% leased to Flowserve US, Inc ("Tenant") for an initial term of 15 years. Flowserve Corporation is one of the world’s leading providers of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. As a “Flowserve 2.0 transformation” facility in a market the tenant has operated in for 15 years, the Property is highly customized and mission critical.
  • In addition to industry leading tenancy, this offering also boasts a strategic location with immediate access to Interstate 64 and US Route 67 within a premiere, 1,000-acre multi use business park.

Investment Highlights

  • Recently signed double net lease with an initial term of 15 years
  • Investment grade tenancy rated by both Moody's (Baa3) and S&P (BBB-)
  • Brand new state of the art facility with in-place expansion potential
  • Mission-critical facility within market that tenant has operated in for ±15 years
  • Strategically located in 1,000 acre multi-use business park that is advantageously located along Interstate 64
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Trent Agnew
Trent Agnew
Managing Director, Capital Markets
License details
TX-574897

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