Portfolio

Praxair Distribution - Mid-Atlantic Portfolio

400 Memorial Blvd W Hagerstown, Maryland United States 21740-6221
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

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Property Description

Jones Lang LaSalle Americas, Inc. is pleased to offer for sale the fee-simple interest in the Praxair Distribution Mid-Atlantic (“Praxair” or “Tenant”) portfolio located throughout Maryland, Pennsylvania, Virginia and New York. Occupied wholly by Praxair Distribution, the Offering comprises 13 distribution and warehouse assets operating on an absolute triple-net flat master lease with approximately 12.5 years of lease term remaining. Praxair Distribution is one of the largest welding, industrial, medical and specialty gas companies in the United States and a subsidiary of Linde, the largest industrial gas company by revenue and market share in the world. This industrial investment opportunity offers the unique opportunity to acquire a long-term and passive income stream at scale, backed by tenancy that has been in business for more than 100 years with a proven track record of success.

Investment Highlights

  • 13 property Praxair Distribution Mid-Atlantic portfolio
  • 12.5+ Years of primary lease term remaining
  • Absolute NNN lease
  • Industry leading specialty gas provider
  • Industrial investment opportunity offered at-scale
Last Updated Date: 07 Sep 2021
Kevin Chang
Kevin Chang
Director, Capital Markets
License details
01976724
Nicholas Foster
Nick Foster
Senior Director, Capital Markets
License details
CA - 01831851

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Last Updated Date: 07 Sep 2021

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