Property details
Carrier Air Conditioning, Southwest Region
Property Description
Carrier Sales and Distribution, LLC is a wholly-owned subsidiary of Carrier Corporation, which in turn is a wholly-owned subsidiary of United Technologies Corporation. Carrier is the world's largest maker of heating, ventilation, and air-conditioning (HVAC) equipment and refrigeration systems. Carrier has over 45,000 employees in over 171 countries. As of February 2003, the company had a net worth in excess of $315 million.
As of December 31, 2006, United Technologies Corporation, reported revenues in excess of $3.7 billion and a net worth in excess of $17.3 billion with an S&P rating of A and stable.
Property lease dates shown are estimates. Actual dates are subject to verification.
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Highlights
- Status:
- Available
- Price:
- $3,145,000
- PSF:
- $126
- Cap Rate:
- 7.25%
- Annual Rent:
- $228,000
- Rent Increases:
- None
Property Information
- Building Size:
- 25,000 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Industrial
- Units/Spaces:
- 1
- Year Built:
- 2008
- Land Area:
- 2.30 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Carrier Air Conditioning
- Lease Type:
- NN
- Lease Commencement:
- 5/1/2008
- Lease Expiration:
- 5/1/2018
- Lease Term:
- 10 years
- Years Remaining:
- 9 years
- Landlord Responsibilities:
- Landlord is responsible for roof, structure and parking, insurance, and taxes. Tenant is responsible for utilities and reimbursement of CAM, insurance, and taxes.
- Options:
- 1 5-Year Renewal Option
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.