3040 NW Gainesville Rd - Warehouse FOR SALE


Ocala, FL 34475- Northwest Ocala
$6,078,400 USD
617-610-3695
3040 NW Gainesville Rd, Ocala, FL for Sale
$6,078,400 USD
Warehouse - FOR SALE
1/5
null | 6.15% Cap Rate

3040 NW Gainesville Rd
Ocala, FL 34475
Northwest Ocala


HIGHLIGHTS

  • Franklin Electric Co., Inc. (NASDAQ: FELE) guarantees the lease. Franklin Electric has a market capitalization exceeding $4.66 billion.
  • Annual base rent will increase by the greater of 3% or CPI-U, offering absolute inflation protection.
  • The tenant, Drillers Services, LLC (DSI), is part of Headwater Companies, LLC, a wholly owned subsidiary of Franklin Electric.
  • DSI was founded as Drillers Services, LLC in 1954. DSI is a wholesaler to the water industry, including water well, wastewater, and environmental.
  • DSI currently operates in 3 leased locations in Ocala.
  • The subject property effectively quadruples the tenant's laydown yard and consolidates operations into 1 modern, highly functional warehouse building.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale this 20,000 SF, 5.5-Acre Industrial Outdoor Storage (IOS) facility, Triple Net (NNN) Net Leased to DSI, a leading wholesaler serving the water systems and groundwater industry. The facility is a mission-critical build-to-suit project that will allow DSI to consolidate 3 Ocala facilities into a single location. Originally founded in 1954, DSI has been operating in Ocala for over 25 years. DSI operates more than 20 branches across 8 Southeastern states and is part of Headwater Companies, a wholly owned subsidiary of Franklin Electric Co., Inc. (NASDAQ: FELE). The lease is guaranteed by Franklin Electric and includes annual increases at the greater than 3% or CPI, making this a very secure, long-term, inflation-protected investment. In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953

FOR SALE DETAILS

PRICE

$6,078,400 USD

PRICE/SF

$304 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DSI - Ocala FL

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.5

LAND SF

239,580

ZONING

C1

APN/PARCEL ID

25238-000-02

ASK ABOUT THIS PROPERTY

Eric VultaggioSands Investment GroupMore Info
617-610-3695

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Eric VultaggioSands Investment GroupMore Info
617-610-3695

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.