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Executive Summary

Since opening their doors in 2001, Medix Specialty Vehicles has been
manufacturing the most competitively priced, high quality ambulances
in the industry. Year after year they have grown their business with the
simple philosophy that taking care of customers and just doing things
right will facilitate their success.

Nashville-based LFM Capital (Private Equity firm) acquired a majority
stake in Medix in 2017. LFM states that “their partnership has already
led to Medix landing “large, multi-unit transactions” and being able to
invest in facilities and equipment.

Medix had $50,000,000+ in annual sales in 2017

Lease Terms:

  • 12-Year Absolute NNN w/ Annual 2% Rent Escalations after Year 5
  • True NNN – No Landlord Responsibilities
  • 2nd Largest Ambulance Manufacturer in the United States
Project Location

Elkhart, IN

Offering Analysis

Purchase Price: $4,625,000
Square Footage: 133,187 SF
Type: Industrial
Price Per SF: $34.73 / SF
Year Built:1968, 1970, 2015, 2016 (4 Buildings)
Cap Rate: 8.56%