Auction:8/7 - 8/9: NNN Cummins Industrial Ocala
Property tours are available by appointment on 7/19 and 7/26 between 9 AM - 11:30 AM EST. To schedule a site tour, please contact Nancy Phaneuf at or . Additional Cummins Properties Available: Cummins Orlando Cummins Fort Myers Investment Highlights: Absolute NNN lease with minimal landlord risk and responsibilities 100% leased to Cummins, Inc, a national credit tenant (S&P ''A") Cummins is a high growth company with recent credit upgrade Cummins commenced in 2006, is operating on their 1st extension through 2020, and has 1 additional option to extend through 2025 Income Tax Free State with beneficial state tax climate to amplify returns Located mile east of Ocala International Airport, 1 mile west of I-75, and 3.7 miles north of SR-200 Investment Overview: Cummins Ocala is a 15,887 SF industrial asset located at 321 SW 52nd Avenue in Ocala, FL approximately four miles west of the Ocala CBD. This Property presents investors with the opportunity to acquire an absolute NNN lease investment with minimal landlord risk and responsibilities for passive investors.
Built in 1996, the Property is a single-tenant industrial building situated on a 3.73 AC parcel. The improvements include a vehicle service and repair facility consisting of 8,674 SF of warehouse space, 3,620 SF of office space on two levels, 1,720 SF of open steam bay space, 992 sq. ft. of mezzanine storage space and 891 SF of equipment room space. The Property features 24 high ceilings, seven service bays, a parts bay, a chassis dyno bay, a steam bay and a dock high loading bay. The entire site is secured with barbed wire fencing and the rear, eastern, portion of the site is unimproved and used for vehicle storage. Cummins Inc. is a Fortune 500 corporation that designs, manufactures, and distributes engines, filtration, and power generation products. Cummins also services engines and related equipment, including fuel systems, controls, air handling, filtration, emission control and electrical power generation systems. In the post WWII U.S. road building boom Cummins, with their N Series engines, became the leader in heavy duty truck engines. From 1952 to 1959, they had more than half the market. In the 1960s, the company opened an assembly plant in Shotts, Scotland an
