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3040 NW Gainesville Rd
Ocala, FL 34475
DSI - Ocala FL · Land For Sale
·
5.50 AC
Investment Highlights
- Franklin Electric Co., Inc. (NASDAQ: FELE) guarantees the lease. Franklin Electric has a market capitalization exceeding $4.66 billion.
- The tenant, Drillers Services, LLC (DSI), is part of Headwater Companies, LLC, a wholly owned subsidiary of Franklin Electric.
- DSI currently operates in 3 leased locations in Ocala. The separate properties are both operationally inefficient and inadequate.
- Annual base rent will increase by the greater of 3% or CPI-U, offering absolute inflation protection.
- DSI was founded as Drillers Services, LLC in 1954. DSI is a wholesaler to the water industry, including water well, wastewater, environmental.
- The subject property effectively quadruples the tenant's laydown yard and consolidates operations into 1 modern, highly functional warehouse building.
Executive Summary
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
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
Property Facts
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 5.50 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | C1 - General Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 5.50 AC |
| Opportunity Zone |
Yes |
| Zoning | C1 - General Commercial |
1 Lot Available
Lot
| Price | $6,078,400 | Lot Size | 5.50 AC |
| Price Per AC | $1,105,163.64 |
| Price | $6,078,400 |
| Price Per AC | $1,105,163.64 |
| Lot Size | 5.50 AC |
Property Taxes
| Parcel Numbers | Improvements Assessment | $65,333 | |
| Land Assessment | $1,502,820 | Total Assessment | $1,568,153 |
Property Taxes
Parcel Numbers
Land Assessment
$1,502,820
Improvements Assessment
$65,333
Total Assessment
$1,568,153
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