fbpx

Closed: Medix (Indianapolis) – 12-Year NNN @ 8.6% Cap

Executive Summary

Since opening its 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
the 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 Details

Location: Elkhart, IN

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%

2021 Legal Disclaimer
Share This
Share on facebook
Facebook
Share on linkedin
LinkedIn
Share on email
Email
Share on print
Print
End
New Webinar about 1031 Exchanges

The Big Shift

Moving Trends in the Era of COVID19

Don’t have time, but want to speak with a specialist about how you could leverage a 1031 exchange? Give us a call.